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- Commercial Bank of Dubai posts record 2025 profit as loans pass Dh100b
- Saudi Arabia attracts 122 million tourists, pumping SR300 bln into national economy in 2025
- Tawazun Council awards Dh2.3 billion in defence contracts at UMEX and SimTEX 2026
- Indian rupee hits all-time low, inches to INR238 against OMR1
- Oman advances towards cashless economy
- Burgan Bank hires 200 new staff; 94.29% of them Kuwaitis
- TECOM Group acquires university campus in Dubai International Academic City
- Acwa Power unveils Innovation Days 2026 platform
- Stocks stable after tariff-fuelled selloff but uncertainty boosts gold
- State Street, QNB sign strategic agreement to launch new custody servicing model
17/03/2025 03:51 AST
Saudi-based Electrical Industries Company has announced that one of its key subsidiaries - Saudi Power Transformers Company - has been awarded a contract by Tecnicas Reunidas Saudia for Services and Contracting Company to supply transformers for a major project.
Headquartered in Al Khobar, Tecnicas Reunidas Saudia is a key unit of leading Spanish EPC contractor catering to the oil and gas, refining and petrochemical, power generation and infrastructure sectors.
Under the SAR129.3 million ($34.3 million) deal, Saudi Power Transformers Company will be responsible for the design, manufacture and supply of transformers, said Electrical Industries Company in its filing to Saudi bourse Tadawul.
The entire contract will be completed in 18 months, it stated.
The contract is expected to have a positive financial impact on the company results for the year 2026, it added.
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| RIYADHCABLES | 126.50 | 0.60 (0.47 |
| ASTRAINDUSTRIAL | 133.80 | -0.90 (-0.67 |
| ALBABTAIN | 68.50 | -0.20 (-0.30 |
| BAWAN | 49.66 | -0.59 (-1.18 |
| SAUDICERAMICS | 28.64 | 0.40 (1.41 |
22/01/2026
Commercial Bank of Dubai (CBD) reported record financial results for the year ended 31 December 2025, posting net profit before tax of AED 3.84 billion, up 15.6% from the previous year, as net loans
Gulfnews
22/01/2026
Reinforcing its commitment to developing local talent and supporting Kuwait's national workforce priorities, Burgan Bank has hired 200 new employees in 2025, with Kuwaitis representing 94.29% of all
Trade Arabia
22/01/2026
TECOM Group, the creator of specialised business districts and vibrant communities, has acquired an integrated university campus comprising multiple buildings and spanning more than 300,000 sq ft in
Trade Arabia
22/01/2026
Acwa Power, a leader in energy transition, has announced the fourth edition of Innovation Days, to be held from January 26-28, 2026 at The Garage in Riyadh, under the patronage of the Ministry of Ene
Trade Arabia
22/01/2026
State Street Corporation and QNB Group have announced a strategic alliance to introduce a new custody servicing model in Qatar at the World Economic Forum (WEF).
Under the co-operation agree
Gulf Times
Financial Information Co.
Saudi Arabia