Electrical Industries Co. (1303)

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News

15 October 2025 03:00 AM EIC’s subsidiary signs SAR 80m purchase agreement

Riyadh - Mubasher: Pauwels Transformers Company, a unit of Electrical Industries Company (EIC), has purchased a plot of land and the existing buildings in a public auction, which was held in Mechelen city.Bankruptcy Trustees of the properties of CG P

Companies Investments

18 September 2025 03:00 AM EIC’s units pen SAR 1.6bn joint agreements with SEC

Riyadh - Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), have signed a SAR 198.50 million agreement with Saudi Electricity Company (SEC) on 16 September.The 19-month deal covers the supply of ele

Companies Investments

1 May 2025 03:00 AM EIC sees higher profits at SAR 123.5m in Q1-25

Riyadh – Mubasher: Electrical Industries Company (EIC) recorded 64.07% higher net profits at SAR 123.43 million in the first quarter (Q1) of 2025, compared to SAR 75.23 million in Q1-24.Earnings per share (EPS) climbed to SAR 0.11 in Q1-25 from SAR 0

Sector Reports

4 March 2025 03:52 PM EIC generates nearly 100% higher net profit on back of revenue growth at SAR 1.9bn

Riyadh – Mubasher: The net profits of Electrical Industries Company (EIC) almost doubled in 2024 after increasing by 99.83% to SAR 401.73 million compared to SAR 201.03 million in 2023. The earnings per share (EPS) rose to SAR 0.36 as of 31 …

Financial Results

31 October 2024 10:56 AM EIC’s profits surpass SAR 297m in 9M-24

Riyadh – Mubasher: Electrical Industries Company (EIC) logged net profits valued at SAR 297.19 million in the first nine months (9M) of 2024, marking an annual leap of 109.93% from SAR 141.56 million. EIC posted revenues worth SAR 1.54 billion in …

Financial Results

18 August 2024 10:58 AM EIC’s unit rolls out SAR 281m deal

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), inked a SAR 281.13 million contract with the Branch of Hyundai Engineering Company Limited. The two parties signed the agreement on 14 August …

Companies Investments

31 July 2024 09:59 AM EIC to pay SAR 112.5m cash dividends for H1-24

Riyadh – Mubasher: The board members of Electrical Industries Company (EIC) greenlighted cash dividends valued at SAR 112.50 million for the first half (H1) of 2024, according to a bourse disclosure. The company will disburse a dividend of SAR …

Board of Directors

25 July 2024 00:35 PM EIC’s net profits leap 106.5% in H1-24

Riyadh – Mubasher: Electrical Industries Company (EIC) achieved a net profit valued at SAR 175.84 million in the first half (H1) of 2024, higher by 106.53% than SAR 85.14 million in H1-23. Revenues amounted to SAR 1.03 billion in H1-24, up 37.37% …

Financial Results

2 May 2024 10:36 AM EIC posts 114% higher profits in Q1-24 initial results

Riyadh – Mubasher: Electrical Industries Company (EIC) recorded a 114.09% year-on-year (YoY) surge in net profit to SAR 75.23 million during the first quarter (Q1) of 2024, compared to SAR 35.13 million. Revenues jumped by 42.59% to SAR 542.08 …

Financial Results

1 April 2024 03:50 PM EIC’s unit pens SAR 158m deal with SEC

Riyadh – Mubasher: WESCOA and Saudi Transformers Company, a subsidiary of Electrical Industries Company (EIC), penned agreements valued at SAR 158 million with Saudi Electricity Company (SEC). The subsidiary will supply electrical equipment to SEC …

Companies Investments

27 March 2024 11:56 AM EIC’s unit inks contract to supply transformers to Aramco

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), has signed a SAR 125.77 million contract with Larsen &Toubro Saudi Arabia. The agreement includes a purchase order for the supply of …

Companies Investments

12 March 2024 11:03 AM EIC’s board nods to SAR 84m dividends for H2-23

Riyadh – Mubasher: Electrical Industries Company’s (EIC) board of directors approved the distribution of SAR 84.37 million, or SAR 0.075 per share, in cash dividends for the second half (H2) of 2023. The distribution date is 24 April 2024 and the …

Corporate Actions

11 March 2024 04:56 PM EIC’s net profits exceed SAR 201m in 2023

Riyadh – Mubasher: Electrical Industries Company (EIC) achieved net profits amounting to SAR 201.03 million in 2023, higher by 113.48% year-on-year (YoY) than SAR 94.17 million. The company generated revenues valued at SAR 1.55 billion as of 31 …

Financial Results

30 October 2023 10:30 AM EIC’s profits leap over 160.5% in 9M-23

Riyadh – Mubasher: Electrical Industries Company (EIC) logged net profits after Zakat and tax worth SAR 141.56 million in the first nine months (9M) of 2023, marking a 160.64% jump from SAR 54.31 million in 9M-22. The earnings per share (EPS) …

Financial Results

31 August 2023 11:10 AM EIC to disburse 15% of capital as dividends for H1-23

Riyadh – Mubasher: The board of Electrical Industries Company (EIC) decided to pay out cash dividends amounting to SAR 84.37 million for the first half (H1) of 2023. A dividend of SAR 1.50 per share will be granted to 56.25 million eligible …

Cash Dividends

21 August 2023 09:50 AM EIC’s unit secures SAR 20.5m contract

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), signed a contract with AL Toukhi Company at a value of SAR 20.57 million. EIC’s unit will design, manufacture, and provide transformers for …

Companies Investments

9 July 2023 09:59 AM EIC pens SAR 153m agreement with Aramco

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), inked a SAR 153 million contract with Saudi Arabian Oil Company (Aramco). Under the agreement, EIC’s unit will provide oil giant Aramco with …

Companies Investments

26 April 2023 10:32 AM EIC announces SAR 79m deal with Kuwaiti government

Riyadh – Mubasher: Saudi Transformers Company, a subsidiary of Electrical Industries Company (EIC), won a SAR 79 million project contract on 20 April, according to a bourse disclosure. The deal covers the provision of distribution transformers for …

Companies Investments

17 March 2022 07:14 PM EIC generates SAR 49m net profits in 2021; dividends proposed

Riyadh – Mubasher: Electrical Industries Company (EIC) has registered net profits after Zakat and tax worth SAR 48.84 million last year, a year-on-year (YoY) jump of 104.17% from SAR 23.92 million. The revenues increased by 18.80% in 2021, …

Cash Dividends

26 October 2021 04:58 PM EIC achieves SAR 10m profits in Q3

Riyadh – Mubasher: Electrical Industries Company (EIC) posted an increase of 49.7% in net profits after Zakat and tax to SAR 10.13 million during the third quarter (Q3) of 2021 from SAR 6.77 million in Q3-20. Revenues soared by 40% to SAR 207.63 …

Financial Results

13 September 2021 09:40 AM EIC appoints Chairman, Vice Chairman

Riyadh – Mubasher: Electrical Industries Company (EIC) has appointed Yousef Ali Al Quraishi as the Chairman of the board for the coming three years. EIC also appointed Mahmoud Mohamad Al Toukhi as the Vice Chairman of the board for the same term, …

Management Decisions

11 August 2021 04:36 PM EIC turns profitable at SAR 15m in H1-21

Riyadh – Mubasher: The Electrical Industries Company (EIC) turned to net profits after Zakat and tax worth SAR 14.95 million in the first half (H1) of 2021, against net losses of SAR 10.72 million in H1-20. EIC posted earnings per share of SAR …

Financial Results

27 April 2021 00:56 PM EIC’s shareholders approve SAR 0.5/shr dividends

Riyadh – Mubasher: Electrical Industries Company’s (EIC) ordinary general meeting approved dividends of SAR 0.5 per share for 2020, according to a disclosure to Tadawul on Tuesday. The company will distribute 5% of the share’s nominal value as …

General Assembly

18 April 2021 10:53 AM EIC buys CG Power Belgium’s assets for EUR 5m

Riyadh – Mubasher: Electrical Industries Company (EIC) signed an agreement to purchase the assets of CG Power Belgium, a company under liquidation, for EUR 5 million (SAR 22.7 million), according to a bourse filing on Sunday. The assets include …

Companies Investments

16 March 2021 04:30 PM EIC turns to profitability in 2020

Riyadh – Mubasher: Electrical Industries Company (EIC) announced net profits after Zakat and tax of SAR 23.923 million in 2020, against SAR 40.193 million net losses in 2019. The company's revenues jumped by 12.32% to SAR 648.686 million last year …

Financial Results