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Scientific and Medical Equipment House Co. (Equipment House) announced that it has won a project valued at SAR 24.4 million, including value-added tax (VAT). The contract involves providing supporting clinical medical services and equipment maintenance for the clinics and laboratories of King Khalid University Dental Hospital. The project extends over a three-year duration, offering long-term operational involvement for the company.
This award strengthens Equipment House's presence in the Saudi healthcare and medical services sector. Financially, the project is expected to deliver a positive revenue impact starting from the fourth quarter of 2026. The company noted that there are no related parties in the deal and confirmed that it will announce further details upon signing the final contract.
For investors following Saudi equities on Tadawul, this contract demonstrates continued public expenditure on healthcare infrastructure and support services. It highlights Equipment House's capacity to secure government and academic institution contracts, contributing to its institutional backlog and future earnings trajectory.
