Thursday 28 Mar 2024
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KUALA LUMPUR (March 17): Peninsular Medical Sdn Bhd, a wholly-owned subsidiary of Ahmad Zaki Resources Bhd (AZRB), has clinched a RM120 million contract for the supply of equipment to the International Islamic University Malaysia Teaching Hospital in Kuantan, Pahang.

In a filing with Bursa Malaysia, AZRB said Peninsular Medical received a letter of award from the International Islamic University Malaysia (IIUM) for the supply of additional equipment under group 2 and 3.

The contract is expected to contribute positively to the group's future earnings and net assets, it said.

Peninsular Medical had signed a 25-year concession agreement in September 2011 with the Ministry of Higher Education (MOHE) and IIUM for the design, build, lease, maintenance and transfer of the same IIUM Teaching Hospital.

Under the agreement, Peninsular Medical is expected to maintain the hospital for 21½ years.

MOHE and IIUM would pay Peninsular Medical for the construction cost and maintenance services of the hospital in the form of monthly availability charges and asset management services charges.

 

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