Riyadh - Mubasher: Electrical Industries Company (EIC) received notification from a major shareholder, Ajda Industrial Services Company, regarding the completion of an internal share transfer.

The shareholder, which holds an 18.75% stake in the company, has moved 42.18 million shares into investment portfolios belonging to its own subsidiaries.

The company stated that the transaction was executed as part of an internal restructuring of ownership within Ajda Industrial Services.

As a result of this transfer, the ownership percentage attributed to the major shareholder on the Tadawul website will reflect a change.

The disclosure did not specify any change to the ultimate beneficial ownership of the transferred shares beyond the internal reorganization within the shareholder's group of companies.

In the second quarter (Q2) of 2026, EIC generated 54.72% higher net profits, valued at SAR 211.53 million, when compared to SAR 136.72 million in Q2-25.