Scientific & Medical Equipment House Co. announces the awarding of a project with King Fahd Medical City in Riyadh at a value of (223,556,256.75) SR

Scientific & Medical Equipment House Co. announces that it received on 30-07-2024 the approval to award the tender to provide cooked food services to King Fahd Medical City, affiliated with the Second Riyadh Health Cluster in Riyadh.

Date of Award
2024-07-30 Corresponding to 1446-01-24

Counterparty
King Fahd Medical City in Riyadh

Project Value
An amount of (223,556,256.75) Only Two hundred and twenty-three million, five hundred and fifty-six thousand, two hundred and fifty-six Saudi riyals and seventy-five halalas (inclusive VAT).

Project Details
Providing cooked food to King Fahd Medical City, affiliated with the Second Riyadh Health Cluster in Riyadh a total amount of (223,556,256.75) Only Two hundred and twenty-three million, five hundred and fifty-six thousand, two hundred and fifty-six Saudi riyals and seventy-five halalas inclusive VAT and its implementation period (5) Years.

Related Parties
No related parties

Additional Information
It is expected that the financial impact of the project will commence during the second quarter of 2025.

The company will announce any future developments in this regard in due course, after the final version of the contract has been signed by all relevant parties and a copy has been received.

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