Equipment House Wins SAR 75.16 Million Project Bid for King Faisal Specialist Hospital and Research Center in Medina

Scientific & Medical Equipment House Co. disclosed on Monday that it has received approval for its bid to provide non-medical operation and maintenance services for the King Faisal Specialist Hospital & Research Centre in Medina. The total value of the project amounts to SAR 75,169,776.00, inclusive of VAT, with a duration of three years.

This project, part of Scientific & Medical Equipment House Co.’s existing portfolio, has been re-awarded to the company under a new contract.

In an announcement on Tadawul today, the company stated that the financial impact of the project is expected to commence in the second quarter of Fiscal Year 2024.

Further updates regarding this project will be provided after the final contract has been signed by all relevant parties and a copy has been received by the company.