VCBank holds a 45 per cent shareholding in Delta Company Limited, one of the leading contractors in Saudi Arabia specialising in the fields of electrical power, transmission and distribution. The Company continues to implement its action plan designed to mitigate the short-term effects of economic reforms being enacted by the Government of Saudi Arabia. The Saudi Electricity Company (SEC) is expected to launch up to five new projects in 2018 valued at c. SAR 1.0 billion. Delta is currently bidding for projects worth a total of SAR 150 million and plans to bid for an additional SAR 500 million of projects during the coming year. The Company declared a dividend of SAR 30 million for the fiscal year ended March 2017.