Mubasher: Al Imtiaz Investment Group announced that its 87.5% owned subsidiary, Hot Engineering and Construction Co, has signed a contract worth KWD 5.7 million.
The contract has a duration period of 18 months to construct a building affiliated to Kuwait National Guard, according to a bourse statement issued on Sunday.
Hot Engineering is expected to generate profit margin ranging from 3% to 5% of the contract’s value; this percentage is not fixed.
At the stock level, Al Imtiaz added 0.62% to reach 162 fils on Sunday.
