Equipment House awarded SAR 149 mln project by Health Ministry

Scientific and Medical Equipment House Co. (Equipment House)

Scientific and Medical Equipment House Co. (Equipment House) announced that it was awarded, on Dec. 15, a project contract worth SAR 148.98 million (including the value added tax) by the Ministry of Health, according to a statement on Tadawul.

Accordingly, Equipment House will maintain, clean and operate non-medically five hospitals in Madinah, including Meeqat Hospital, Convalescent Hospital, Blood Bank, Medical Supply and Al-Haram Hospital.

The project will take five years, with the relevant financial impact to appear on Q2 2023.

There are no related parties, the statement noted.

The company will announce any future developments in this regard in due course, especially after receiving the final copy of the contract.