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Thndr Claps » Saudi Claps » Health & Pharma 💉 » Tibbiyah subsidiary seals agreement with NUPCO 🩺

Tibbiyah subsidiary seals agreement with NUPCO 🩺

by Omar El Shorafa
January 8, 2023
Claps, Tibbiyah, Saudi Tadawul

The Clap
Al Faisaliah Medical Systems, a subsidiary of Tibbiyah (9530), signed a SAR 52.74mn agreement with NUPCO.

What
The agreement will see the company supply medical orthopedics and spine consumables to governmental institutions over 915 days, the duration of the contract.

So What
This is the second agreement of the same sort with NUPCO, after signing a similar agreement last month for SAR 74.86mn for the purchase and supply of medical supplies.

Now What
The financial impact of the agreement is expected to be reflected in the financial results of H2 2022.

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