SMEH Signs 11.9M SAR Security Aviation Medical Deal
Riyadh, Saudi Arabia — Scientific & Medical Equipment House Company has signed a contract worth 11.92 million SAR to operate and maintain medical equipment at clinics serving the General Command of Security Aviation in Riyadh. The deal runs three years and carries no related-party conflicts. Deal Details The contract covers full medical operations and equipment […] The post SMEH Signs 11.9M SAR…
Saudi-based Scientific & Medical Equipment House Company has secured a contract worth 11.92 million SAR to provide medical equipment operation and maintenance services at clinics under the General Command of Security Aviation in Riyadh. Signed on October 14, 2026, the three-year agreement carries no related-party conflicts and is valued at 11,920,450.52 SAR including VAT.
The deal offers Scientific & Medical Equipment House a confirmed government revenue stream, contributing to the company's earnings visibility. The contract's near-term recognition in Q4 2026 makes a measurable impact on the company's financial performance. With an annual value of approximately 3.97 million SAR, the agreement offers a modest but steady recurring revenue line backed by a low default risk associated with government contracts.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
