EIC inks SAR 282 mln deal with Saudi Electricity

08/04/2018 Argaam

 

Electrical Industries Company (EIC) signed on April 5 a unilateral optional agreement worth SAR 282 million with the Saudi Electricity Co. to supply electrical equipment through its subsidiaries, the Saudi Transformers Co. and Wahah Electric Supply Company of Saudi Arabia Ltd.

 

The agreement will expire on December 31, 2018, EIC said in a statement to Tadawul.

 

The financial impact of this deal is expected to show this year, it added.

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