Riyadh – Sharikat Mubasher: Saudi Power Transformers Co., a subsidiary of Electrical Industries Co. announced signing a contract with Hyundai Engineering Co. Ltd. to supply transformers, for SAR 281.13 million (excluding VAT).
The 15-month contract entails a purchase order for the design, manufacture, and supply of power transformers for the Jafurah gas plant expansion project, according to a statement to Tadawul.
The contract is expected to have a positive financial impact on the company results for 2025 adding that no related parties are included in the contract.
Electrical Industries Company (EIC) is a holding company that provides diversified electrical products and services to customers in the Kingdom of Saudi Arabia and the Middle East.
