Electrical Industries signs SAR 20.6 mln deal with related party to supply transformers

Electrical Industries signs SAR 20.6 mln deal with related party to supply transformers

Electrical Industries Co. (EIC) stated that its subsidiary, Saudi Power Transformers Co. Ltd. (SPTC), signed on Aug. 20 a contract with Al Toukhi Company for Industry, Trading & Contracting (a related party) to design, manufacture and supply transformers.

 

According to a statement on Tadawul, the 12-month contract is valued at SAR 20.6 million (including VAT).