Riyadh - Mubasher: Scientific & Medical Equipment House Company received approval from the Ministry of Health – General Diwan for a SAR 100 million project to replace and develop the infrastructure at King Fahd Hospital in Al Baha.
The 24-month project is expected to reflect on the company’s financial position in the second quarter (Q2) of 2026, according to a bourse filing.
The contract award date is 3 December 2025, and the company noted it will disclose any future developments related to this matter in due course after singing the final version of the contract by all concerned parties and the receipt of an executed copy.
It is worth noting that in October 2025, Scientific & Medical Equipment inked a SAR 105.07 million contract with the First Health Cluster in Riyadh to maintain and repair medical devices and equipment across several hospitals and health centers in the city.
