Scientific & Medical Equipment House Co. the signing of a contract for the medical maintenance project for Prince Muhammad bin Abdul-Aziz Hospital in Riyadh with the Ministry of Health

Reference to the announcement of Scientific & Medical Equipment House company on the Tadawul website on 26-07-1445 AH, corresponding to 07-02-2024 AD, which included the company receiving a letter of approval to award the competition for the medical maintenance project for Prince Muhammad bin Abdul-Aziz Hospital in Riyadh with the Ministry of Health.

Scientific & Medical Equipment House Co. announces the signing a contract today Wednesday, 21-11-1445 AH, corresponding to 29-05-2024 AD for the medical maintenance project for Prince Muhammad bin Abdul-Aziz Hospital in Riyadh with the Ministry of Health.

Date of Announcement of the Award
2024-02-07 Corresponding to 1445-07-26

Contract Subject Matter
The Medical maintenance of Prince Mohammed bin Abdul-Aziz Hospital in Riyadh.

The Entity with Which the Contract was Signed
Ministry of Health

Date of Signing the Contract
2024-05-29 Corresponding to 1445-11-21

Contract Value
An amount of (51,074,079.36) only fifty-one million and seventy-four thousand and seventy-nine Saudi riyals and thirty-six halalas (including VAT)

Contract Details
The medical maintenance project for Prince Muhammad bin Abdulaziz Hospital in Riyadh with the Ministry of Health, for an amount of (51,074,079.36) only fifty-one million and seventy-four thousand and seventy-nine Saudi riyals and thirty-six halalas, including VAT, and its implementation period is (5) five years.

Contract Duration
(5) 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, as was previously announced in the company’s announcement of obtaining award approval on the project.

Related Parties
No related parties

Additional Information
The contract has been signed solely by t Scientific & Medical Equipment House Company, we are awaiting the signing of the contract by the project owner and the receipt of the final copy of the contract after all necessary signatures have been obtained.

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