It is affiliated with the “Electrical Industries” signs a contract with “Saudi Electricity” at 1.4 billion riyals

The Electrical Industries Company announced the signing of one of its subsidiaries (Saudi Energy Transformers Company), today, a contract with the Saudi Electricity Company, to localize and supply transformers and reactors of high and high voltage. To 40% of the basic value, and the contract also guarantees an obligation from the Saudi Electricity Company to implement at least 70% of the contractual value. In the event that the increase option is practiced, the total value of the contract may reach about 2 billion riyals.

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