Scientific & Medical Equipment House Co. Announces the Signing of a Non-Disclosure Agreement (NDA) ALMAVIVA Saudi Arabia

AlmavivA is a leading Italian corporation specializing in digital transformation, Information Technology (IT), and the provision of integrated technical solutions for both public and private sectorsThe agreement aims to regulate the exchange of confidential information between the two parties for the purpose of studying and exploring potential areas of cooperation of mutual interest, ensuring the protection of exchanged information and its use solely for the agreed purposes.

Commenting on this occasion, Dr. Faisal Al-Atawi, Managing Director and Chief Executive Officer of the Company, stated:

“The signing of this agreement represents an initial step toward exploring cooperation opportunities with an international company specialized in digital transformation and information technology. Through this step, we aim to assess the potential development of solutions that support the Company’s direction in enhancing its services and keeping pace with technological transformations in the healthcare sector, in line with our strategy for sustainable growth.”

Mr. Belviso Vincenzo, the official spokesperson for AlmavivA Saudi Arabia, expressed their enthusiasm, stating:

“Almaviva is excited to start the collaboration with SMEH Group, to pursue together the Digital opportunities in KSA fast growing market. Almaviva solutions joined to the expertise and competence of SMEH can bring strong value to the Saudi Market and lead to the innovation of the sector”.

The Company confirms that there is currently no direct financial impact resulting from the signing of this agreement. Any material developments will be disclosed in due course in accordance with the relevant laws and regulations.