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FINANCIAL NEWS
Saudi SEC inks 3 contracts for power transformers
26 Dec 2012
(MENAFN) Saudi Electricity Company (SEC) unveiled plans to build three transformer stations across Saudi Arabia over the next 29 months, Arab News reported.
The company has already awarded a USD108.3 million contract to a local company to set up a 380/110/13.8KV transformer in Jeddah to meet demand there, CEO Ali bin Saleh Al-Barrak was quoted as saying.
SEC has also given a USD116.2 million contract to establish a 380KV transformer in Madinah.
A third contract worth USD126.25 million was also awarded to establish a 380/132KV transformer in Asir.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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