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Scientific & Medical Equipment House Co. announces the awarding of a project with the Autism Center of Excellence in Riyadh, valued at (8,665,200.00) Saudi Riyals, excluding VAT.
| Element List | Explanation |
|---|---|
| Introduction | Scientific & Medical Equipment House Co. announces that it has received, on February 7, 2024, a letter of approval for awarding the competition for the operation, maintenance and cleaning project at the Autism Center of Excellence in Riyadh. |
| Date of Award | 2024-02-07 Corresponding to 1445-07-26 |
| Counterparty | Autism Center of Excellence |
| Project Value | 8,665,200.00 |
| Project 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. |
| Related Parties | No related parties |
| Additional Information | The financial impact of the project is expected beginning to be reflected during the second quarter of The Fiscal Year 2024. The company will announce any future developments in this regard in due course after signing the final version of the contract by all concerned parties and receiving a copy of it. |
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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