| Element List | Explanation |
|---|---|
| Introduction | Electrical Industries Co. announces that one of its subsidiaries (Pauwels Transformers Co. Belgium) has signed a Framework Agreement with ENEDIS Co., the main Electricity Distribution Network Operator in France. |
| Date of Announcement of the Award | 2026-01-19 Corresponding to 1447-07-30 |
| Contract Subject Matter | Supply Power Transformers to the French Electricity Distribution Network. |
| The Entity with Which the Contract was Signed | ENEDIS Company |
| Date of Signing the Contract | 2026-01-19 Corresponding to 1447-07-30 |
| Contract Value | Approximately SAR 150.4 million ( Execulding VAT). |
| Contract Details | Design, Manufacture and Supply Power Transformers to the French Electricity Distribution Network |
| Contract Duration | Five (5) years with options to extend for up to three (3) additional years (through 2033). |
| Financial Impact and the Relevant Period | The contract is expected to have a positive financial impact on the Company results starting from year 2027. |
| Related Parties | None |
| Additional Information | This contract confirms the strategic position of EIC in the European market. Noting that the Transformers will be designed and manufactured at Pauwels transformers factory in Mechelen, Belgium. The contract includes a price variation clause to protect the company against fluctuations in raw material costs. The total contract value may reach approximately SAR 227.3 million, if all optional extension periods are exercised. |
