The National Medical Care Company announces the latest developments of its contract with Tabrak Najd Contracting Company.

Elements List

Explanation

Introduction

Refer to the company’s announcement on Rajab 27, 1442 AH corresponding to March 11, 2021 AD, that it had signed a contract with Tabrak Najd Contracting Company to renovate the Riyadh Care Hospital building.

The National Medical Care Company announces the cancellation of its contract with Tabrak Najd Contracting Company based on the recommendation received from the management of Riyadh Care Hospital and the Engineering Supervision Office to withdraw the work from the contractor / Tabrak Najd Contracting Company due to the inability of the contractor to fulfill its contractual obligations as of 16/10/2021 AD.

Previous Announcement

National Medical Care Co. Announces Contract Sign Off with Tabrak Najed Contracting Co.

Date of Previous Announcement on Tadawul's Website

2021-03-11 Corresponding to 1442-07-27

Percentage of fulfilled achievement

There is no percentage of fulfilled achievement.

Event's Expected Completion Date

Rabi` al-Awwal 10, 1443 corresponding to October 16, 2021

The costs associated with the event, and if they have changed or not with indication of the reasons.

There are no associated financial costs on the company.

Impact of the Delay on the Company's Financial Results

There is no determined financial impact

Additional Information

The company will review the offers of other contractors in order to complete the project.