Kuwait – Mubasher: Combined Group Contracting Company said that its subsidiary in Abu Dhabi, the UAE, was awarded a tender with duration period of 11 months.
The tender contract is worth AED 41.84 million or KWD 3.43 million ($11.18 million), according to a bourse statement issued on Tuesday.
The project of the contract is expected to commence in February, Combined Group said, noting that the financial impact is expected to be a profit margin worth 6% of the project value by the end of the first year; approximately KWD 206,000.
On the stock level, Combined Group ended Tuesday at 600 fils, after about 2,100 shares were exchanged at a value of nearly KWD 1,300.
