Electrical Industries Signs SAR 1.41 Bln Contract With Saudi Electricity Co.

About this update from Electrical Industries Co.

ELECTRICAL INDUSTRIES TADAWUL:1303:ELECTRICAL INDUSTRIES- ANNOUNCES CONTRACT SIGN OFF WITH SAUDI ELECTRICITY CO.ELECTRICAL INDUSTRIES - CONTRACT VALUE SAR 1.41 BILLIONELECTRICAL INDUSTRIES - CONTRACT FOR LOCALIZATION, DELIVERY OF EHV & HV TRANSFORMERS AND REACTORSELECTRICAL INDUSTRIES - SAUDI ELECTRICITY HAS RIGHT TO INCREASE CONTRACT VALUE BY UP TO 40% OF ORIGINAL VALUEELECTRICAL INDUSTRIES- CONTRACT GUARANTEES COMMITMENT FROM SEC TO EXECUTE AT LEAST 70% OF CONTRACTUAL VALUE

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