Saudi: Scientific & Medical Equipment inks nearly $6.8mln contract for road safety project

Getty Images/Stone RF

The project is expected to have a positive impact on the company’s financial results in the first quarter (Q1) of 2024

Staff Writer, Mubasher

November 17, 2023

PHOTO

Riyadh – Scientific & Medical Equipment House Company has signed a one-year contract worth SAR 25.49 million with the Saudi government on 13 November 2023 to supply and operate road safety equipment in Riyadh.

The contract, which was awarded by the Ministry of Transport and Logistics Services on 5 November this year, will cover the delivery, implementation, and operation of specialised devices, according to a statement to the Saudi Exchange (Tadawul).

The project is expected to have a positive impact on the company’s financial results in the first quarter (Q1) of 2024.

It is worth noting that during the first nine months (9M) of 2023, Scientific & Medical Equipment House achieved a net profit of SAR 24.90 million and a revenue of SAR 567.50 million.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.