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Scientific and Medical Equipment House Co. (Equipment House) signed a contract on October 14 valued at SAR 11.92 million, including value-added tax. The three-year agreement entails providing medical operations and equipment maintenance services for medical centers affiliated with the General Security Aviation Command (GSAC) in Riyadh.
This contract reinforces the company's operational footing within the Saudi healthcare services sector. Financial impacts are expected to begin showing in the company's financial results starting from the fourth quarter of 2026, contributing to their expanding project portfolio, which was last reported at around SAR 3.5 billion in August.
From a market viewpoint, the continuous acquisition of government and security contracts reflects solid fundamental health and steady revenue visibility for Equipment House. Investors will be keeping an eye on upcoming quarterly financial statements to measure overall execution efficiency and margin impacts.
