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Scientific & Medical Equipment House company, announces sign off contract for a project for Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health.
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Scientific & Medical Equipment House company on the Tadawul website on 12-09-1444 AH corresponding to 03-04-2023, which includes the company’s receipt of awarding of a project for Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health. Scientific & Medical Equipment House company announces the Signing a contract for a project for Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health on Thursday, 4th of April 2024, corresponding 25th of Ramadan 1445 AH, in Madinah. |
| Date of Announcement of the Award | 2023-04-03 Corresponding to 1444-09-12 |
| Contract Subject Matter | Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health. |
| The Entity with Which the Contract was Signed | Ministry of Health |
| Date of Signing the Contract | 2024-04-04 Corresponding to 1445-09-25 |
| Contract Value | An amount of (180,289,023.45) Only one hundred and eighty million, two hundred and eighty-nine thousand and twenty-three Saudi riyals and forty-five halalas (inclusive VAT). |
| Contract Details | Providing cooked nutrition to hospitals (King Fahd Cardiac Center - Uhud – Al-Miqat General) in Madinah with the Ministry of Health a total amount of (180,289,023.45) Only one hundred and eighty million, two hundred and eighty-nine thousand and twenty-three Saudi riyals and forty-five halalas inclusive VAT and its implementation period (5) Years. |
| Contract Duration | Five years |
| Financial Impact and the Relevant Period | It is expected that the financial impact of the project will commence during the third quarter of 2024. |
| Related Parties | No Related Parties. |
| Additional Information | The company had previously announced in its disclosure on the Saudi Stock Exchange website on the date of 03-04-2023, the receipt of approval for the tender award and the financial impact of the project was expected to be in the third quarter of the fiscal year 2023. Due to delays in the tendering process and contract signing by the project owner, the financial impact has been delayed to the third 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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