02:52 AM EDT, 10/26/2026 (MT Newswires) -- The board of Electrical Industries Co. (SASE:1303) cleared its project to build a tank and radiator production facility for power transformers, according to a Monday release. The project is expected to cost 150 million Saudi riyals, with construction work to start in the first quarter of 2027 and be completed in the first quarter of 2029. The electrical services company expects the project to start the three-month pilot production period in the second quarter of 2029, with commercial production in the third quarter of 2029.

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