Equipment House signs operation, maintenance service contract with ACE in Riyadh

06/03/2024 Argaam

Equipment House signs operation, maintenance service contract with ACE in Riyadh

Logo of Scientific and Medical Equipment House Co. (Equipment House)

Scientific and Medical Equipment House Co. (Equipment House) signed today, March 6, an operation, maintenance, and cleaning contract with the Autism Center of Excellence (ACE) in Riyadh, the company said in a statement on Tadawul.

 

The relevant financial impact is expected to appear in Q2 2024, the company added.

 

The contract runs for three years as of April 1, 2024, with automatic yearly renewals for a similar term during the commissioning period (three years), unless either party opts out 60 days before expiry.

 

For more news and details on the projects

 

In February, Equipment House was awarded the project for SAR 8.67 million, excluding VAT, according to data compiled by Argaam.

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