Maharah affiliate wins SAR 3.38B prisons meals contract

Maharah Human Resources Co.’s (Maharah) affiliate, Saudi Medical System Co., won a tender issued by the General Directorate of Prisons to provide cooked meals for inmates and detainees at deportation, public security, and anti-drug departments and centers across the Kingdom—through the Etimad platform.

 

The affiliate is 40% owned by Growth Avenue Investment Co., a wholly owned subsidiary of Maharah.

 

The project is valued at SAR 3.38 billion, inclusive of VAT, and covers supplying cooked meals over a three-year period across Saudi Arabia, the company said in a statement to Tadawul today, Feb. 16.

 

Maharah expects the financial impact to appear in its financial statements starting in 2026, following the completion of the final award procedures, and to continue throughout the contract term.

 

The company noted that completing the final award procedures requires submitting the final guarantee, signing contracts, and fulfilling other requirements in accordance with the government tenders and procurement system.

 

There are no related parties to the deal, the statement added.