Electrical Industries Q3 Revenue at SAR 630.5 Million, Net Income SAR 177.7 Million
Electrical Industries reported Q3 revenue of SAR 630.487 million and net income of SAR 177.688 million, per Reuters; demand rose across all sectors.
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what happened
Saudi-based Electrical Industries Company JSC reported its third-quarter results, according to Reuters. Revenue came in at SAR 630.487 million, and net income reached SAR 177.688 million.
The company said demand rose across all sectors. The biggest gains came from high-voltage substation projects and infrastructure work. It also cited a growing number of new industrial projects, including in the oil and gas sector. Sales increased, the product mix became more diversified, and margins improved for some products.
why it matters
The results suggest that demand for power equipment and grid infrastructure remains strong. For investors, this points to continued expansion in oil and gas and infrastructure projects in the region, which keeps sector interest firm on Tadawul.
market impact
Saudi market: strong report supports interest in power equipment and grid infrastructure names
tags
instruments
sources
- Electrical Industries Q3 Income SAR 177.688 Million — Reuters, 22 October 2026 at 05:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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