| Element List | Explanation |
|---|---|
| Introduction | Electrical Industries Co. is pleased to announce to its shareholder that one of its subsidiaries - Saudi Power Transformers Co.- has signed a contract with Branch of Hyundai Engineering Co. Ltd for the supply of Transformers. |
| Date of Announcement of the Award | 2024-08-14 Corresponding to 1446-02-10 |
| Contract Subject Matter | Supply of Transformers |
| The Entity with Which the Contract was Signed | Branch of Hyundai Engineering Co. Ltd |
| Date of Signing the Contract | 2024-08-14 Corresponding to 1446-02-10 |
| Contract Value | SAR 281,133,750 ( Excluding VAT) |
| Contract Details | Purchase Order for Design, Manufacture and Supply of Power Transformers for Jafurah Gas Plant Expansion Project |
| Contract Duration | 15 Months |
| Financial Impact and the Relevant Period | The contract is expected to have a positive financial impact on the Company results for the year 2025. |
| Related Parties | None |
| Additional Information | None |
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