| Element List | Explanation |
|---|---|
| Introduction | Professional Medical Expertise Company, also known as "ProMedEx", announces that it has signed a contract with Serres Oy, a Finnish company that develops and manufactures specialized products for the management and suction of surgical fluids, including suction pads, suction liners, and Ceres suction assists required for more than 80,000 specific operations worldwide daily. Under this agreement, Professional Medical Expertise Company will exclusively import and sell all related products from Serres Oy within the territory of Saudi Arabia Market. |
| Date of Announcement of the Award | 2025-07-07 Corresponding to 1447-01-12 |
| Contract Subject Matter | Signing an Exclusive Distribution Agreement for Serres Oy products in the Kingdom of Saudi Arabia. |
| The Entity with Which the Contract was Signed | Serres Oy |
| Date of Signing the Contract | 2025-07-07 Corresponding to 1447-01-12 |
| Contract Value | 15,000,000.00 (Fifteen million Saudi riyals) |
| Contract Details | Exclusive Distributor Agreement Between Serres OY and ProMedEx. |
| Contract Duration | period of twenty-four (24) months (Initial Period), After the Initial Period, the Agreement will automatically continue in force until termination in accordance with the Agreement. |
| Financial Impact and the Relevant Period | Twenty-four (24) months (the Initial Period) from the date the Contract enters into force, and after the Initial Period, the Agreement will automatically continue in effect until terminated in accordance with the Agreement. |
| Related Parties | No related parties |
| Additional Information | The contract was signed by the CEO of Serres Oy on the 07th of July 2025, but the contract was received on 09th of July 2025. The Agreement shall enter into force on August 17, 2025 and shall remain in effect for a period of twenty-four (24) months (the Initial Term), and after the Initial Term, the Agreement shall automatically continue in effect until terminated in accordance with the Agreement. |
