Sinom Center Secures 2.23 Billion Riyal maintenance & Hygiene Contract
RIYADH - Sinom Centre has announced the approval of amendments to its Board of Directors’ policies, committees, and executive management guidelines, alongside a significant contract award.The company confirmed a general agreement for maintenance and hygiene services across its commercial complexes, valued at 2.23 billion Saudi Riyals.
This substantial agreement underscores Sinom Centre’s commitment to maintaining high operational standards within its properties and represents a major financial undertaking for the company.The contract impacts stakeholders including investors,tenants,and service providers,and signals continued investment in the upkeep and appeal of Sinom Centre’s portfolio. The amendments to governance policies, approved concurrently, aim to strengthen the company’s operational framework and ensure responsible management of these significant assets.
The company disclosed the approval of these changes and the contract award in a recent statement to the saudi Stock Exchange (Tadawul). The revised policies encompass the Board of Directors, its associated committees, and the executive management team, alongside an updated governance guide.
Further details regarding the specific terms of the maintenance and hygiene contract, including the duration and scope of services, were not promptly available. However,the scale of the 2.23 billion riyal agreement indicates a comprehensive and long-term commitment to property maintenance.
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