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Dallah Healthcare Company announces the signing of a contract for the execution of construction, electromechanical and finishing works for the Al Arid Hospital project with Youssef Marroun Contracting Co.
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DALLAH HEALTH
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1445/12/24 30/06/2024 08:03:10
| Element List | Explanation |
|---|---|
| Introduction | Referring to Dallah Healthcare Company's announcement published on the Tadawul website on 20/09/1444H corresponding to 11/04/2023G regarding the establishment of a new hospital project on the company's owned land, with an area of 45,000 square meters, located at the intersection of Abu Bakr Al-Siddiq Road with Prince Saud Bin Abdullah Bin Jalawi Road in Riyadh - Al Arid area, the company would like to announce that it has signed a contract for the execution of construction, electromechanical and finishing works with Youssef Marroun Contracting Co. after the completion of the excavation work, the preparation of the project site, and obtaining the necessary official approvals. |
| Date of Announcement of the Award | 2024-06-27 Corresponding to 1445-12-21 |
| Contract Subject Matter | Executing the construction, electromechanical and finishing works |
| The Entity with Which the Contract was Signed | Youssef Marroun Contracting Co. |
| Date of Signing the Contract | 2024-06-27 Corresponding to 1445-12-21 |
| Contract Value | 690,000,000 SR |
| Contract Details | Executing the construction, electromechanical and finishing works for the hospital project located in Riyadh, Al Aridh area |
| Contract Duration | 24 months |
| Financial Impact and the Relevant Period | It is expected that the Project will have an impact on the Company’s financial results when it starts operating in the first quarter of 2027 |
| Related Parties | There are no related parties involved. |
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 136.0
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