| Introduction | Lumi Rental Company ("the Company") announces the signing of a framework agreement ("The Framework Agreement") with The National Unified Procurement Medical Supplies Company ("NUPCO") to provide medical supplies transportation services. |
| Date of Announcement of the Award | 2025-06-02 Corresponding to 1446-12-06 |
| Contract Subject Matter | Providing transportation services for medical supplies |
| The Entity with Which the Contract was Signed | The National Unified Procurement Medical Supplies Company (NUPCO) |
| Date of Signing the Contract | 2025-06-02 Corresponding to 1446-12-06 |
| Contract Value | The value of The Framework Agreement may exceed 5% of the Company’s total revenue, according to the audited annual financial statements for the year 2024, subject to the issuance of purchase orders by NUPCO during the term of The Framework Agreement |
| Contract Details | The Framework Agreement governs the provision of transportation services for medical supplies, including vehicles with drivers, moving & handling equipment, from NUPCO’s warehouses and affiliated locations to healthcare facilities across various regions of the Kingdom. The Framework Agreement is non-exclusive. |
| Contract Duration | The duration of The Framework Agreement is two (2) years, extendable for an equal duration or durations, subject to mutual agreement. |
| Financial Impact and the Relevant Period | The Framework Agreement is expected to have a positive impact on the Company’s financial statements starting from the Q3 of 2025. |
| Related Parties | None |
