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Scientific & Medical Equipment House Co. announces sign off contract for the operation, maintenance and cleaning project with the Autism Center of Excellence in Riyadh
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Scientific & Medical Equipment House company on the Tadawul website on 08-02-2024 AD corresponding to 27-07-1445 AH, which includes the company receiving a letter of approval to award the competition for the operation, maintenance and cleaning project the Autism Center of Excellence in Riyadh, valued at (8,665,200.00) Saudi Riyals, excluding VAT. Scientific & Medical Equipment House Co. announces the signing a contract for the operation, maintenance and cleaning project with the Autism Center of Excellence in Riyadh. |
| Date of Announcement of the Award | 2024-02-08 Corresponding to 1445-07-27 |
| Contract Subject Matter | The operation, maintenance and cleaning project with the Autism Center of Excellence in Riyadh. |
| The Entity with Which the Contract was Signed | Autism Center of Excellence in Riyadh |
| Date of Signing the Contract | 2024-03-06 Corresponding to 1445-08-25 |
| Contract Value | An amount (8,665,200.00) Only eight million six hundred and sixty-five thousand and two hundred Saudi Riyals (excluding VAT). |
| Contract 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. |
| Contract Duration | 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. |
| Financial Impact and the Relevant Period | The financial impact of the project is expected beginning to be reflected during the second quarter of The Fiscal Year 2024. |
| Related Parties | No related parties |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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