Tibbiyah’s unit signs SAR 25.9 mln supply contract with NUPCO

Arabian International Healthcare Holding Co. (Tibbiyah) announced that its fully owned subsidiary, Al Faisaliah Medical Systems (FMS), signed, on Aug. 21, a purchase and supply contract worth SAR 25.9 million with the National Unified Procurement Co. (NUPCO), according to a statement to Tadawul.

This is related to tender No. NPT0028/22 for supplying general medical devices, as stipulated in the terms of the contract, the statement added.

The contract has a term of 141 calendar days from the date of issuance of the award or the date of the Contract Sign off by both parties, whichever is earlier.

The financial impact on the company’s financial results will appear in H2 2023, the company said.

According to data compiled by Argaam, Tibbiyah announced in July that its fully owned subsidiary FMS received three purchase orders (POs) as part of a purchase and supply contract worth SAR 25.9 million that would be signed with NUPCO.

Source : Arqaam