Scientific & Medical Equipment House Co. announces the awarding of a project with the Autism Center of Excellence in Riyadh, valued at (8,665,200.00) Saudi Riyals, excluding VAT.

Scientific & Medical Equipment House Co. announces that it has received, on February 7, 2024, a letter of approval for awarding the competition for the operation, maintenance and cleaning project at the Autism Center of Excellence in Riyadh.

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

Counterparty
Autism Center of Excellence

Project Value
8,665,200.00

Project Details
The operation, maintenance and cleaning project at the Autism Center of Excellence in Riyadh, a total amount (8,665,200.00) Only eight million six hundred and sixty-five thousand and two hundred Saudi Riyals excluding VAT, and its implementation period is (3) three years from the date of the beginning of the contract on April 1,2024, provided that the contract is automatically renewed every year for a similar period during the baptismal period (three years), unless one of the two parties notifies the other party of its intention not to renew the contract before (60) days from the date of expiration of the contract.

Related Parties
No related parties

Additional Information
The financial impact of the project is expected beginning to be reflected during the second quarter of The Fiscal Year 2024.

The company will announce any future developments in this regard in due course after signing the final version of the contract by all concerned parties and receiving a copy of it.

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