Kuwait-Mubasher: Arabi Group Holdings said that its subsidiary, Arabi Enertech, was awarded a tender worth KWD 11.24 million ($37 million) for a project by Kuwait Oil Company (KOC), according to a bourse statement.
Arabi clarified that it will be installing pumps as part of the tender contract which covers a period of 27 months.
The company noted that a profit worth about KWD 337,000 will be registered in the financials for the period from the second quarter of 2016 and until 2018.
