Logo ofSaudi Industrial Development Co. (SIDC)
SaudiIndustrial Development Co.’s (SIDC) wholly owned subsidiary Global Marketing Co. forSleepingSystem Ltd. (Sleep High) inked a contract with Ithraa Aldiyafa HoldingCo. to supply foam mattresses at SAR 15.5 million, VAT inclusive, according to a statement to Tadawul.
The contract entails supplying foam mattresses to Mina and Arafat for three Hajj seasons (1446, 1448,1449 Hijri), in accordance with the delivery schedule specified in the contract.
The contract will extend from Dec. 31, 2024, until June 5, 2027 (End of Hajj season 1448 H).
The relevant financial impact will appear on the company’s financials as of the second quarter of 2025.
The contract included no related parties, the statement added.
Logo ofSaudi Industrial Development Co. (SIDC)
SaudiIndustrial Development Co.’s (SIDC) wholly owned subsidiary Global Marketing Co. forSleepingSystem Ltd. (Sleep High) inked a contract with Ithraa Aldiyafa HoldingCo. to supply foam mattresses at SAR 15.5 million, VAT inclusive, according to a statement to Tadawul.
The contract entails supplying foam mattresses to Mina and Arafat for three Hajj seasons (1446, 1448,1449 Hijri), in accordance with the delivery schedule specified in the contract.
The contract will extend from Dec. 31, 2024, until June 5, 2027 (End of Hajj season 1448 H).
The relevant financial impact will appear on the company’s financials as of the second quarter of 2025.
The contract included no related parties, the statement added.
