Riyadh - Mubasher: The Saudi Ministry of Health awarded Scientific & Medical Equipment House Company a project contract at a value of SAR 148.98 million on 15 December 2022.

The five-year deal covers the maintenance, cleaning, and non-medical operation of five hospitals across Medina, according to a bourse disclosure.

Meanwhile, the medical facilities are Meeqat Hospital, Convalescent Hospital, Al Haram Hospital, as well as the blood bank and other medical supply and warehouses.

The Tadawul-listed firm expected that the contract will reflect on its income statements during the second quarter (Q2) of 2023.

The company noted that it will announce any further developments regarding the agreement in due time.

Earlier in December, Scientific & Medical Equipment House Company announced a SAR 8.71 million deal, under which it will handle the operation works in four medical centres.