CMCER, Johns Hopkins Aramco Healthcare sign SAR 16.5M contract

7Canadian Medical Center Co. (CMCER) signed a contract with Johns Hopkins Aramco Healthcare (JHAH) to operate nine medical clinics, worth SAR 16.5 million.

The company said in a statement on Tadawul that the 24-month contract was awarded and signed on June 20.

The contract is expected to positively impact the financial results as of H2 of 2024.

CMCER explained that it received the signed contract on June 25 from JHAH, as per their administrative procedures, to disclose it directly today, June 26.