Lana signs SAR 8M contract with Gulf Cooperation Council

Lana Medical Co. signed a contract with the Gulf Cooperation Council (GCC) at a total amount of SAR 8 million, to restore, furnish and modify the buildings of the Peninsula Shield Force in Hafar Al-Batin.

The contract, signed on March 18, is valid for one year from the date of site delivery (April 28, 2024), Lana said in a statement to Tadawul, explaining that this expansion is located within the campus of King Khalid Military City.

The project implementation covers all structural and architectural works, electrical and mechanical systems for the buildings, and site preparation in accordance with the project documents, including plans, specifications, and bills of quantities.

The financial impact of this contract is expected to appear in Q3 2024.