Mubasher: Al Imtiaz Investment Group announced that its 50.69% subsidiary has been awarded a five-year contract at a value of KWD 2.98 million to supply and implement mechanical, civil, electrical, and micro-machinery operations at Mina Abdullah refinery.
The group forecast that its unit will achieve an estimated profit margin ranging from 2% to 4% of the agreement’s value, according to a recent statement to Boursa Kuwait.
During the first quarter of 2019, Al Imtiaz’s profits slumped 82.9% to KWD 1 million from KWD 5.85 million in Q1-18.
