Kuwait – Mubasher: Al Imtiaz Investment Group said that its subsidiary, Hot Engineering and Construction Co, was awarded a tender offered by the education ministry.
The tender contract is worth KWD 3 million, with duration date of 1,095 days, according to a bourse statement issued on Thursday.
The contract is expected to generate a profit margin accounting for 3% of the deal value.
On the stock level, AL Imtiaz gained 2.3% to close at 89 fils on Thursday, after 12.07 million shares were traded at a value of KWD 1.1 million.
