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Arabian International Healthcare Holding Co. Announces Al Faisaliah Medical Systems Co.("FMS); a subsidiary owned 100% by "TIBBIYAH", signs off a Contract for an amount of 142,301,649.82 Saudi Riyals with Arabian Gulf University (AGU).
| Element List | Explanation |
|---|---|
| Introduction | Arabian International Healthcare Holding Co. announces that Al Faisaliah Medical Systems Co.("FMS); a subsidiary owned 100% by "TIBBIYAH", signs off a Contract for an amount of 142,301,649.82 Saudi Riyals with Arabian Gulf University (AGU) for the carrying out and completion of the supply and installation of medical equipment and other works specified in the King Abdullah bin Abdul Aziz Medical City, (KAMC) Phase - I; Package 7 - MEDICAL EQUIPMENT, Volume I issued by ARABIAN GULF UNIVERSITY, KINGDOM OF BAHRAIN. This project includes but not limited to: supply, installation, testing & commissioning of all medical equipment (MEQ) including supervision, labor, equipment, materials, and medical consumable needed noting that the financier is the Kingdom of Saudi Arabia through Saudi Fund for Development (SFD). |
| Date of Announcement of the Award | 2023-12-14 Corresponding to 1445-06-01 |
| Contract Subject Matter | supply, installation, testing & commissioning of all medical equipment (MEQ) including supervision, labor, equipment, materials, and medical consumable needed as per the Contract terms and conditions. |
| Date of Signing the Contract | 2023-12-14 Corresponding to 1445-06-01 |
| Contract Value | 142,301,649.82 SAR (One Hundred Forty Two Millions Three Hundred One Thousand and Six Hundred Forty Nine Saudi Riyals) |
| Contract Details | supply, installation, testing & commissioning of all medical equipment (MEQ) including supervision, labor, equipment, materials, and medical consumable needed. as per the Contract terms and conditions for an amount of 142,301,649.82 SAR (One Hundred Forty Two Millions Three Hundred One Thousand and Six Hundred Forty Nine Saudi Riyals) |
| Contract Duration | 18 Georgian months (Eighteen Georgian Months) From the date of site Handover, or receipt of the advance payment, or any other date agreed upon between the parties. |
| Financial Impact and the Relevant Period | The financial impact on the company’s Financial results will appear in the First Half of 2024 |
| Related Parties | not Applicable |
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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