Riyadh - Mubasher: Scientific & Medical Equipment House Company has announced a project award at a value of SAR 68.84 million in Riyadh, according to a bourse filing.

The award deal, which was approved on 6 March, covers the operation of the Border Guard Medical Centre with the Border Guard.

The Tadawul-listed company expected the project to reflect on its income statements during the second quarter (Q2) of 2023.

Scientific & Medical Equipment highlighted that it will disclose any further developments regarding the contract in due course. 

Last January, the Saudi firm obtained a SAR 265 million loan from Alinma Bank to endorse its awarded projects and fund its working capital.