Olympic Electric is a member of Olympic Group. Founded in 1963 it succeeded ever since, in taking the lead role in manufacturing new products and introducing new technology to the local market; electric water heaters, oil filled radiators, the launch of "STONE" an impermeable seal for lining water-boilers and the launch of patented enameling coating for appliances. In addition to opening the largest enameling line in the Middle East.

Through the 70's and 80's Olympic Electric expanded product lines and built its customer base. At the same time, it introduced the concept of after-sales service providing guarantees and maintenance for all its products.  Today Olympic Electric formula of flexible arrangements and competitive pricing, nation wide distribution and comprehensive customer service, makes it a major player in the national household appliances market. Besides it dominates the water heaters market having almost 81% market share, and heaters almost 86% market share.  Olympic Electric's vision is consistent growth, perfectionism and determination to keep a step ahead, enabling the company to sustain its strong leadership position with outstanding products, unbeatable quality and dependable sales staff and services.