Riyadh – Mubasher: Scientific & Medical Equipment House Company received a contract award notice on 6 August 2026 for a medical operation and maintenance project.
The contract, valued at SAR 11.92 million including value-added tax, was awarded by the General Security Aviation Command.
The scope of the agreement covers the medical operation and maintenance of medical equipment at medical centers belonging to the General Security Aviation Command in Riyadh. The project is scheduled to span a duration of three years.
Scientific & Medical Equipment House expects the financial impact of this contract to be reflected in its financial results starting from the fourth quarter (Q4) of 2026.
It confirmed there are no related parties involved in the transaction and stated it will announce further material developments following the receipt and signing of the final contract version.
At the end of June 2026, the company’s sales fell by 18.26% year-on-year (YoY) to SAR 404 million from SAR 494.30 million.
