Mubasher: Al Imtiaz Investment Group said that its subsidiary, Hot Engineering and Construction Co, has signed a tender contract with Kuwait National Petroleum Company (KNPC).
The five-year contract is worth KWD 27.9 million, according to a bourse statement issued on Tuesday.
The company expected a profit margin ranging from 2% to 4% of the contract’s value.
At the stock level, Al Imtiaz ended Tuesday’s session at 188 fils, with liquidity reaching about KWD 605,530 after 3.3 million shares were exchanged.
