Mubasher: Al Imtiaz Investment Group said that its subsidiary Hot Engineering and Construction Co was awarded a five-year tender for a project by Kuwait Oil Company (KOC).
The tender contract is worth KWD 2.4 million ($7.8 million), Al Imtiaz said in a bourse filing issued on Wednesday.
A profit margin ranging between 3% and 5% of the contract’s value is expected to be realised, Al Imtiaz added.
