| Element List | Explanation |
|---|---|
| Introduction | Twareat Medical Company is pleased to announce the signing of a contract with Johns Hopkins Aramco Healthcare to provide operational and administrative workforce support services, contributing to enhancing operational capabilities and improving the efficiency of the services provided. |
| Date of Announcement of the Award | 2026-04-16 Corresponding to 1447-10-28 |
| Contract Subject Matter | The contract includes the provision of medical and non-medical staff, including non-clinical physicians, nursing staff, administrative support, and data analysts, to support utilization management operations. |
| The Entity with Which the Contract was Signed | Johns Hopkins Aramco Healthcare (JHAH) |
| Date of Signing the Contract | 2026-04-16 Corresponding to 1447-10-28 |
| Contract Value | The estimated value of the contract amounts to SAR 38,783,223 over a period of three years. This value is indicative and depends on the volume of demand and purchase orders issued during the contract term, in accordance with the agreed pricing schedules for the provided staff. |
| Contract Details | The contract includes the provision of qualified medical and non-medical personnel to support utilization management services for the contracting party. The scope covers non-clinical physicians, nursing staff, administrative support, and data analysts, contributing to improving operational efficiency and the quality of healthcare services delivered. Services will be executed based on purchase orders issued by the client throughout the contract term, in line with the agreed pricing schedules, with full compliance by the company with all quality, safety, and operational standards approved by the contracting party. |
| Contract Duration | 3 years, extendable for up to an additional 2 years. |
| Financial Impact and the Relevant Period | The contract is expected to have a positive financial impact on the company’s revenues starting from Q2 2026, with the actual impact depending on the volume of purchase orders and service execution during the contract period. |
| Related Parties | NA |
| Additional Information | It is worth noting that this contract constitutes a framework agreement based on purchase orders issued during its term. Actual revenues will depend on the level of demand from the contracting party and in accordance with the pricing schedules attached to the contract. This agreement is considered a strategic contract that strengthens the company’s position in the healthcare sector within the Kingdom. |