Scientific & Medical Equipment House Co. announces the awarding of a project tender with the Social Development Bank, valued at (17,130,229.80) Saudi Riyals

Scientific & Medical Equipment House Co. announces that it has received approval on 07-11-2024 for the awarding of a project tender for the operation, maintenance, cleaning, and hospitality of the General Administration buildings in Al-Ghadir, in collaboration with the Social Development Bank.

Date of Award
2024-11-07 Corresponding to 1446-05-05

Counterparty
Social Development Bank

Project Value
An amount of (17,130,229.80) only seventeen million one hundred thirty thousand two hundred twenty-nine Saudi Riyals and eighty halalas.

Project Details
Operation, maintenance, cleaning, and hospitality of the General Administration buildings in Al-Ghadir, in collaboration with the Social Development Bank, for a total amount of (17,130,229.80) only seventeen million one hundred thirty thousand two hundred twenty-nine Saudi Riyals and eighty halalas, including value-added tax, with a duration of (3) three years.

Related Parties
No related parties

Additional Information
It is expected that the financial impact of the project will commence during the First 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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