Reference to the announcement of Scientific & Medical Equipment House company on the Tadawul website on 12-09-1444 AH corresponding to 03-04-2023, which includes the company’s receipt of awarding of a project for Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health.
Scientific & Medical Equipment House company announces the Signing a contract for a project for Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health on Thursday, 4th of April 2024, corresponding 25th of Ramadan 1445 AH, in Madinah.
Date of Announcement of the Award
2023-04-03 Corresponding to 1444-09-12
Contract Subject Matter
Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health.
The Entity with Which the Contract was Signed
Ministry of Health
Date of Signing the Contract
2024-04-04 Corresponding to 1445-09-25
Contract Value
An amount of (180,289,023.45) Only one hundred and eighty million, two hundred and eighty-nine thousand and twenty-three Saudi riyals and forty-five halalas (inclusive VAT).
Contract Details
Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health a total amount of (180,289,023.45) Only one hundred and eighty million, two hundred and eighty-nine thousand and twenty-three Saudi riyals and forty-five halalas inclusive VAT and its implementation period (5) Years.
Contract Duration
Five years
Financial Impact and the Relevant Period
It is expected that the financial impact of the project will commence during the third quarter of 2024.
Related Parties
No Related Parties.
Additional Information
The company had previously announced in its disclosure on the Saudi Stock Exchange website on the date of 03-04-2023, the receipt of approval for the tender award and the financial impact of the project was expected to be in the third quarter of the fiscal year 2023. Due to delays in the tendering process and contract signing by the project owner, the financial impact has been delayed to the third quarter of the fiscal year 2024.
