- CEO
- Tariq bin Mohammad Al Tahini
- Full Time Employees
- 1,529
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- First Industrial City of Dammam Dammam Eastern Province Saudi Arabia 31442
- IPO Date
- Nov 11, 2014
- Business
- Electrical Industries Company (1303.SR), founded in 1976 and headquartered in Dammam, Saudi Arabia, operates as a holding company engaged in the manufacture, assembly, supply, repair, and maintenance of electrical equipment through its subsidiaries. The company provides a diversified portfolio of products including power transformers, distribution transformers, pole-mounted and pad-mounted transformers, slim transformers, oil-immersed distribution transformers; package and unit substations, compact substations; cable management systems comprising cable trays, ladders, trucking systems, and accessories; low-, medium-, and high-voltage equipment such as switchgears, electrical distribution boards, low-voltage panels, relay protection and control panels, synchronizing panels, instrument cabinets, cable bus, busducts, and motor control centers. It also offers industrial services including project engineering, turnkey solutions, technical services, calibration and instrumentation, refurbishment, modification and upgrading of equipment, transformer oil processing and filtration, relay setting, and testing and commissioning. EIC serves commercial, residential, and industrial sectors primarily in the Kingdom of Saudi Arabia, other Gulf countries, the Middle East, Europe, and Asia via subsidiaries such as The Saudi Transformers Company (STC), Wahah Electric Supply Company of Saudi Arabia (WESCOSA), Saudi Power Transformers Company (SPTC), and Pauwels Transformers NV in Belgium. Recent developments include ongoing capacity expansions and strategic positioning to meet rising demand in the electrical sector, with the company reporting strong financial performance including revenue of SAR 2.04 billion and net earnings of SAR 525.75 million in the latest trailing twelve months.