Mubasher: Hot Engineering and Construction Co, a subsidiary of Al Imtiaz Investment Group, has signed a tender contract with Kuwait Oil Company (KOC) for KWD 1.5 million ($4.91 million).
The contract will mature in five years, with an estimated profit margin ranging from 2% to 4% of the contract’s value, according to a bourse statement issued on Thursday.
At the stock level, Al Imtiaz closed Thursday’s session 2.15% higher at 19 fils, after 20.54 million shares were traded at a value of KWD 3.86 million.
