---
title: "SNG: Saudi: EIC’s units pen $426mln joint agreements with SEC"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258021122.md"
description: "WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), signed a SAR 198.50 million agreement with Saudi Electricity Company (SEC) for electrical distribution transformers. Additionally, Saudi Power Transformers Company secured a SAR 1.41 billion contract with SEC for EHV and HV transformers, potentially increasing to nearly SAR 2 billion. These agreements are expected to positively impact EIC's financial results from 2025 to 2033."
datetime: "2025-09-19T05:46:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258021122.md)
  - [en](https://longbridge.com/en/news/258021122.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258021122.md)
generator: "portal-rs"
---

# SNG: Saudi: EIC’s units pen $426mln joint agreements with SEC

**Staff Writer**

Riyadh - 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 electrical distribution transformers to SEC under purchase orders, according to a bourse disclosure.

The agreements are expected to positively impact EIC's financial results from 2025 to 2027.

On the other hand, Saudi Power Transformers Company penned a SAR 1.41 billion contract with SEC on 17 September to deliver EHV and HV transformers and reactors.

The 84-month contract includes provisions allowing SEC to increase its value by up to 40%, which could raise the total to nearly SAR 2 billion.

Meanwhile, SEC is committed to executing at least 70% of the contract’s value. The deal is expected to positively impact EIC’s financial results from 2027 to 2033.

WESCOSA and Saudi Transformers recently sealed a SAR 785.50 million agreement with SEC.

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