| Element List | Explanation |
|---|---|
| Introduction | Electrical Industries Co. announces that one of its subsidiaries (Pauwels Transformers Co.) has purchased a plot of land and the existing buildings in a public auction, which was held in Mechelen city, Belgium by Bankruptcy Trustees of the properties of CG power systems Co., on Monday 13-10-2025 |
| Transaction Details | The purchase of industrial land and the existing buildings, which is located at Antwerpsesteenweg, Mechelen City, Belgium with a total area of 92,846 square meters. |
| Transaction Amount | SAR 79,726,234 (Including tax and registration fees). |
| Transaction Conditions | None |
| Parties of the Transaction | Seller: Bankruptcy trustees of the properties of CG power systems Co., Belgium. Purchaser: Pauwels Transformers Co., Belgium |
| Transaction Financing Method | The company’s internal resources and bank facilities |
| Date of Entering Into The Transaction | 2025-10-13 Corresponding to 1447-04-21 |
| Description of Activity of The Asset Subject of The Transaction | Industrial Land on which Pauwels Transformers factory is built. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable |
| Transaction reasons | Securing the land on which Pauwels Transformers Company factory is built to ensure the continuity of the company’s operations, as the land of the factory is leased |
| Expected Impact of the Transaction on the Company and Its Operations | Increase the company’s assets and support the stability of the company’s operations to achieve growth and future expansions. |
| Related Parties | None |
| Additional Information | The Company will announce any material developments in this regard in due course. |
