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Scientific and Medical Equipment House Co. Announces an update on Saudi Exchange Announces the Listing of “Scientific and Medical Equipment House Co.” Whereas the aforementioned contract was previously signed on the date of 01-03-2019 AD and included in the prospectus of Scientific and Medical Equipment House Co, its value amounted to (90,277,500) riyals including value added tax for a period of
| Element List | Explanation |
|---|---|
| Introduction | Scientific & Medical Equipment House Co. announces its receipt yesterday evening, Wednesday, the 18th of Sha`ban 1445 AH, corresponding to November 28, 2024 AD, a letter from the Jazan Health Cluster of the Ministry of Health by agreeing to extend the contract of maintenance and repair of medical devices and equipment in hospitals (Sabya General - Samtah General - Knights of the General - Abu Arish General - Malik General Bani), which ends on 02/29/2024 AD for an additional six months, with an increase of (10%) of the value of the regular contract in order to avoid entering into the direct purchase. |
| Previous Announcement | Saudi Exchange Announces the Listing of “Scientific and Medical Equipment House Co.” Whereas the aforementioned contract was previously signed on the date of 01-03-2019 AD and included in the prospectus of Scientific and Medical Equipment House Co, its value amounted to (90,277,500) riyals including value added tax for a period of five Gregorian years. It's Before listing the company on the financial market. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2022-02-24 Corresponding to 1443-07-23 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Contract details: Extending the maintenance and repair contract for medical devices and equipment in Jazan Region (Sabya General Hospital, Abu Arish General Hospital, Samtah General Hospital, Knights General Hospital, Bani Malik General Hospital). Extension period: Six months starting from 01-03-2024 AD It ends on 31-08-2024 AD Extension amount: (9,027,750) Only nine million and twenty -seven thousand seven hundred and fifty riyals, (excluding VAT) and represents 10% of the original contract value. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | (9,027,750) Only nine million and twenty -seven thousand seven hundred and fifty riyals, (excluding VAT) and represents 10% of the original contract value. |
| Additional Information | The financial impact of the project is expected beginning to be reflected during the second quarter of The Fiscal Year 2024. |
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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Last Price 50.1
Net Change -0.8 (-1.57%)
Value Traded (Sar) 8,787,800.35
Volume Traded 174,675
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