The refund follows a final court ruling overturning a competition fine imposed on two subsidiaries.
Electrical Industries Co. (EIC) said it received on July 14 the SAR 26.1 million fine from the General Authority for Competition (GAC), following the issuance of a final court ruling overturning the authority’s fine imposed on two of its subsidiaries. 
The reimbursement will have a positive impact on its 2026 financial results by the same amount, according to a statement to Tadawul.
Electrical Industries said the Administrative Court of Appeal issued a final ruling on July 7, 2025, upholding the Administrative Court’s decision to annul the Committee for Adjudication of Competition Law Violations’ two rulings concerning the fines imposed on two of the company’s subsidiaries.
According to data available with Argaam, EIC received in July 2024 a decision from the Committee for Adjudication of Competition Law Violations, which includes imposing a penalty of SAR 26.1 million on two of its subsidiaries for potential violations of the Competition Law.
The refund follows a final court ruling overturning a competition fine imposed on two subsidiaries.
Electrical Industries Co. (EIC) said it received on July 14 the SAR 26.1 million fine from the General Authority for Competition (GAC), following the issuance of a final court ruling overturning the authority’s fine imposed on two of its subsidiaries.
The reimbursement will have a positive impact on its 2026 financial results by the same amount, according to a statement to Tadawul.
Electrical Industries said the Administrative Court of Appeal issued a final ruling on July 7, 2025, upholding the Administrative Court’s decision to annul the Committee for Adjudication of Competition Law Violations’ two rulings concerning the fines imposed on two of the company’s subsidiaries.
According to data available with Argaam, EIC received in July 2024 a decision from the Committee for Adjudication of Competition Law Violations, which includes imposing a penalty of SAR 26.1 million on two of its subsidiaries for potential violations of the Competition Law.
