Equipment House awarded SAR 75.2M project for King Faisal Specialist Hospital in Madinah

Scientific and Medical Equipment House Co. (Equipment House) received, on March 3, a project award letter to provide non-medical operation and maintenance services for King Faisal Specialist Hospital and Research Center in Madinah, at a value amounting to SAR 75.2 million (including VAT).

According to a statement to Tadawul, the project is among the company’s existing projects, and was re-awarded to the company with a new contract.

The project’s implementation period is three years, the statement added, expecting the financial impact of the project to begin in Q2 2024.

The statement pointed out that there are no related parties to the deal.

The company will announce any future developments in due course, after the final version of the contract is signed by all relevant parties and a copy of which is received.