Lana Medical Wins SAR 40.9M Ministry of Health Project

Lana Medical Co. won a SAR 40.95 million project from the Ministry of Health, the company said in a stock exchange filing.

The contract covers work under a specific scope defined by the ministry. Lana did not disclose the project's duration or the expected revenue recognition timeline in the filing.

The award adds to Lana's backlog of government contracts. The company has been expanding its presence in the public healthcare procurement space, where margins tend to be stable but payment cycles can stretch.

Shares of Lana Medical traded flat on the announcement. The stock has gained roughly 12% year to date, tracking broader Saudi market strength in the healthcare sector.

Lana's next quarterly filing will show whether the contract moves the revenue line materially. For now, the deal is a modest addition to a company that reported SAR 180 million in revenue last fiscal year.