Al-Modawat signs SAR 4.4M contract to purchase MRI unit

25/03/2024 Argaam

Al-Modawat signs SAR 4.4M contract to purchase MRI unit

Logo of Al-Modawat Specialized Medical Co.

Al-Modawat Specialized Medical Co. signed on March 14 a SAR 4.39 million contract with Cigalah Healthcare to purchase of an MRI unit, according to a statement to Tadawul.

 

The medical devices will be supplied and installed within six months, the statement said, adding that the contract includes the purchase of devices with a three-year warranty, as well as a seven- year maintenance period after the warranty period.

 

The company expected that the trial operation and the financial impact on its revenue would begin in Q4 2024, noting that there are no related parties.

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