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Wajd Life Trading Co. has officially signed a three-year operations and maintenance contract valued at SAR 39.33 million with Imam Mohammad Ibn Saud Islamic University (IMSIU). The deal follows a successful tender bid awarded earlier in May. Under the terms of the agreement, Wajd Life will oversee the operation and maintenance of medical equipment and healthcare clinics across the university's campus.
This commercial contract represents a significant milestone for Wajd Life as it strengthens its footprint in the public sector services segment. The company confirmed that the project is anticipated to reflect positively on its financial results over the three-year contract duration. Additionally, Wajd Life clarified that there are no related parties involved in the transaction.
Investors will be tracking the company's future quarterly earnings reports to gauge the precise financial contributions of this contract. Market participants in the Saudi Nomu Parallel Market will also monitor whether this operational expansion enables Wajd Life to secure additional institutional projects in the healthcare and maintenance sectors.
