Saudi Arabia .. The share of “electrical industries” has risen to the highest price since the list

The share of the electrical industries company listed in the Saudi stock market “Tadawul” increased by 3.41% during the trading of the session today, to trade at 9.10 riyals per share, achieving its highest price since its inclusion.

Trading on the Electrical Industries Company company at that time came through 3.61 million shares with a trading value of 32.31 million riyals.

The highest price for the share was at that time at 9.14 riyals, while the lowest price was at 8.74 riyals per share.

The financial results of the Electrical Industries Company showed a remarkable increase in its net profit during the first quarter of this year, by 64.07% compared to the same period in 2024.

The company stated that the net profit amounted to 123.43 million riyals during the first quarter of 2025, compared to 75.23 million riyals in the corresponding quarter of the previous year.

The company attributed this growth growth to the diversity of products sold, which included a group of high -profit margins, as well as the improvement of profit margins for some other products, despite the increase in public and administrative expenses during the period.

On the other hand, the financial statements showed a decrease in the value of sales by 6.53%, to reach 506.69 million riyals, compared to 542.09 million riyals during the first quarter of 2024.

The company attributed the decline in sales to the postponement of some scheduled shipments, at the request of a number of customers, as a result of their project sites not ready to receive equipment.