Latest news with #LanaMedicalCo
Arab News
5 days ago
- Business
- Arab News
Closing Bell: Saudi bourses end week in red at 11,007
RIYADH: Saudi Arabia's Tadawul All Share Index fell on Thursday, shedding 31.76 points, or 0.29 percent, to close at 11,006.98. The benchmark index recorded a total trading turnover of SR4.19 billion ($1.12 billion), with 125 stocks advancing and 117 declining. The Kingdom's parallel market Nomu also slipped, losing 50.11 points to close at 27,294.97. The MSCI Tadawul Index dropped 0.32 percent to settle at 1,410.87. LIVA Insurance Co. was the best performer on the main market, with its share price surging 9.94 percent to SR13.93. Emaar The Economic City saw its shares rise by 5.15 percent to SR13.69, while Alistithmar AREIC Diversified REIT Fund gained 4.57 percent to reach SR9.15. Tourism Enterprise Co. recorded the steepest decline, falling 6.45 percent to SR0.87. On the announcements front, Lana Medical Co. said it secured multiple contracts worth SR57.1 million from the Ministry of Health. According to a Tadawul statement, the first contract, valued at SR53.5 million, involves the collection and storage of hazardous waste at health centers, hospitals, and specialized facilities in the Al-Jouf region and Al-Qurayyat Governorate. The second contract, worth SR3.6 million, covers the transportation of medical waste to the Riyadh First Health Cluster. The company stated that the impact of these 60-month contracts will be reflected in its financial results starting in the fourth quarter of 2025. In a separate filing, Lana Medical Co. announced a two-year agreement valued at SR10 million with the National Unified Procurement Co. to manage medical waste. Shares of Lana Medical Co., listed on the Nomu parallel market, rose 7.98 percent to close at SR36.
Argaam
26-06-2025
- Business
- Argaam
Lana wins waste transport containers project with Defense Ministry
Lana Medical Co. was awarded a project with the Ministry of Defense to provide non-medical waste transport containers for Prince Sultan Military Medical City. The project's value will not exceed 5% of the company's 2024 revenues, according to a statement to Tadawul today, June 26. The deal entails providing non-medical waste containers for a period of 36 months, starting from the date of site receipt. The project is pending the contract signing and the Ministry of Finance's approval, in accordance with the project documents, specifications, and bills of quantities. This project is deemed key in the company's plan to expand its provision of integrated waste management solutions in the healthcare sector. This is given its focus on improving the quality of environmental services, implementing global best practices in waste management, supporting national initiatives to reduce pollution and promote public health, achieving sustainability, and reducing the environmental impact resulting from transportation and disposal operations. The financial impact of the project is expected to be reflected in Lana's financials starting from Q3 2025, the company noted. The project also reflects Lana's ability to implement large-scale projects within healthcare facilities, while also adopting the highest technical and operational standards. This project award is an extension of Lana's strategy to strengthen its leadership in the Saudi environmental services sector. It should also contribute effectively to achieving the goals of Saudi Vision 2030 in the field of environmental sustainability, the statement added. According to data available on Argaam, Lana reported a revenue of SAR 84.09 million in 2024. Therefore, a 5% portion makes around SAR 4.2 million.
Argaam
15-06-2025
- Business
- Argaam
Lana bags SAR 4M project by National Guard Ministry
Lana Medical Co. was awarded on June 11 a project worth SAR 4.09 million by the Saudi Ministry of National Guard, according to a statement to Tadawul. The project entails providing hazardous waste collection and disposal services for a period of 60 months, from the date of site handover, following the contract signing and approval by the Ministry of Finance, in accordance with the project documents, specifications, and bills of quantities. The service shall cover Prince Mohammed bin Abdulaziz Hospital in Madinah and King Abdulaziz Hospital in Al-Ahsa. The relevant financial impact will appear as of Q4 2025, the statement added.
