Scientific & Medical Equipment Wins SAR 128M Military Catering Contract

EQUIPMENT HOUSE

EQUIPMENT HOUSE

4014.SA

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On August 17, 2026, Scientific & Medical Equipment House Co. announced the award of the Catering Services Project for Armed Forces Hospitals in the Western Region, with the notification received on August 16, 2026. The contract, awarded by the General Administration of Medical Services of the Armed Forces under the Ministry of Defense, is valued at SAR 127,656,010.46 (inclusive of VAT) and covers a period of three years. The scope of services includes providing catering to Prince Sultan Armed Forces Hospital in Madinah, King Salman Hospital in the Northwestern Region (Tabuk), and King Fahad Armed Forces Hospital in Jeddah. The financial impact of the contract is expected to be reflected in the Company's results beginning in the second quarter of 2027.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97646&anCat=1&cs=4014&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.