Equipment House signs contract with Ministry of Transport and Logistics Services for SAR 25.49 mln

Scientific & Medical Equipment House Co. announced on Tuesday it signed a contract for a project of transportation, implementation, and operation of specialised devices and equipment for road safety in the Riyadh region with the Ministry of Transport and Logistics Services for a total amount of SAR (25,490,003) including VAT., and its implementation period (1) one Year.

The Company said today on Tadawul it expects that the financial impact of the project will be reflected during the First Quarter of the fiscal year 2024 AD.

This comes in reference to the announcement of Scientific & Medical Equipment House company on the Tadawul website on 05-11-2023, which includes the company’s receipt of awarding of a project of transportation, implementation, and operation of specialized devices and equipment for road safety in Riyadh region with the Ministry of Transport and Logistics Services.