Kuwait – Mubasher: Combined Group Contracting on Monday announced signing a KWD 1.9 million agreement with Yusuf Ahmed Al Ghanim and Sons.
Under the contract, Combined Group will provide drilling, support, and infrastructure works for Al Ghanim exhibition in Fahaheel district, according to a bourse filing.
The Kuwait listed company expects the project to be completed within 369 days.
Combined Group turned to profitability in the first quarter in 2017, achieving KWD 510,120, against losses of KWD 616,377 in Q1-16.
The company’s stock gained 2.61% at Monday’s close, reaching 590 fils, achieving a turnover of KWD 3,800, after 6,500 shares were exchanged.
