Electrical Industries, Tecnicas Reunidas sign SAR 129.4M contract

Electrical Industries Co. announced that one of its subsidiaries, Saudi Power Transformers Co. (SPTC), signed a transformer supply contract worth SAR 129.4 million with Tecnicas Reunidas Saudia for Services and Contracting Co. Ltd.

In a statement to Tadawul, the company said that the contract was signed on March 12 and has a duration of 18 months.

Electrical Industries expects the contract to positively impact its 2026 financial results.

There are no related parties involved in the deal, the statement said.