KUALA LUMPUR: Progressive Impact Corp Bhd
's (Picorp) subsidiary Saudi ASMA Environmental Solutions LLC has accepted a SAR 24.32mil (RM27.88mil) contract for the provision of pest control monitoring services in Makkah, Saudi Arabia.
The group said in a filing with Bursa Malaysia that the contract will be for a duration of about 49 months from the date of receiving the project site or as specified by Makkah Municipality.
Pursuant to the Award, Saudi ASMA’s obligations under the contract shall involve the recruitment of manpower, procurement of vehicles, equipment, insurance and the provision of pest control monitoring services in Makkah, it said.
"SAUDI ASMA is currently providing similar services to Jeddah Municipality.
"Hence, the issuance of this Award by MM to SAUDI ASMA signifies potential growth possessed by it in the public health sector particularly with the government agencies in Saudi Arabia.
"It is also an indication of enhanced confidence by the government agencies, in this case, MM’s confidence in SAUDI ASMA’s capabilities and experience in performing high quality public health management services," it added.
The award is expected to contribute positively to the earnings per share of Picorp for the financial year ending Dec 31, 2021, until 2025.
's (Picorp) subsidiary Saudi ASMA Environmental Solutions LLC has accepted a SAR 24.32mil (RM27.88mil) contract for the provision of pest control monitoring services in Makkah, Saudi Arabia.The group said in a filing with Bursa Malaysia that the contract will be for a duration of about 49 months from the date of receiving the project site or as specified by Makkah Municipality.
Pursuant to the Award, Saudi ASMA’s obligations under the contract shall involve the recruitment of manpower, procurement of vehicles, equipment, insurance and the provision of pest control monitoring services in Makkah, it said.
"SAUDI ASMA is currently providing similar services to Jeddah Municipality.
"Hence, the issuance of this Award by MM to SAUDI ASMA signifies potential growth possessed by it in the public health sector particularly with the government agencies in Saudi Arabia.
"It is also an indication of enhanced confidence by the government agencies, in this case, MM’s confidence in SAUDI ASMA’s capabilities and experience in performing high quality public health management services," it added.
The award is expected to contribute positively to the earnings per share of Picorp for the financial year ending Dec 31, 2021, until 2025.
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