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- Gulf Bank continues to attract young Kuwaiti talent and professionals
- Aayan Leasing and Investment acquires a strategic stake in DAWI app
- Government Measures Bring Down Inflation in Saudi Arabia to 2.2% in September
- IMG urges countries to keep trade as engine of growth
- KIPCO recognized by Forbes Middle East for continued sustainability excellence
- Aramco Chief Warns of Global Oil Shortage if Industry Fails to Invest
- Alec Holdings debuts on DFM in largest-ever construction sector IPO
- flynas launches first dedicated kids, family check-in service at Jeddah Airport
- Qatar-UAE investment opportunities meeting discusses enhancing coop' relations
- Kuwait opens real estate sector to listed firms, investment portfolios
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 | 141.00 | 0.90 (0.64 |
| ASTRAINDUSTRIAL | 142.70 | -5.30 (-3.59 |
| UNITEDMINING | 44.00 | 1.00 (2.32 |
| ALBABTAIN | 61.90 | -0.80 (-1.28 |
| BAWAN | 55.95 | -1.00 (-1.76 |
17/10/2025
As part of its ongoing support for youth and its continuous efforts to attract the best national talents and professionals, Gulf Bank concluded its participation and sponsorship of the "My Job" caree
Kuwait Times
17/10/2025
Aayan Leasing and Investment Company has announced that one of its subsidiaries has acquired a strategic stake in Fresh Minds, the owner of the "Dawi" application - a leading digital healthcare platf
Kuwait Times
17/10/2025
KIPCO - Kuwait Projects Company (Holding) - was recognized by Forbes Middle East for the third consecutive year for its continued commitment to advancing sustainability and governance practices acros
Kuwait Times
17/10/2025
The head of Saudi Aramco, Amin Nasser, has warned of a global oil shortage on the horizon, after a decade in which the energy industry turned its back on the search for new oil.
Nasser calle
Asharq Al Awsat
17/10/2025
Alec Holdings, a diversified engineering and construction group in UAE, has announced its listing on Dubai Financial Market, thus marking UAE's largest-ever initial public offering in the constructio
Trade Arabia
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