Twareat Medical Secures SAR 51.7M Contract Extension

TMC -0.78%

TMC

9627.SA

10.13

-0.78%

On November 23, 2025, Twareat Medical Care Company announced receiving a one-year contract extension with Johns Hopkins Aramco Healthcare (JHAH), signed on November 20, 2025. The SAR 51,749,697 annual contract (excluding VAT) extends the operation of 38 medical clinics across Saudi Arabia until December 31, 2026. The extension follows a previous addendum received on May 8, 2025, which added seven clinics to the original 31-clinic contract. The company expects this extension to support continued revenue generation and strengthen its financial position beginning in 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91677&anCat=1&cs=9627&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.

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