Mubasher: Combined Group Contracting announced that its subsidiary in the UAE, Combined Group Contracting Emirates, was awarded a tender valued at KWD 9.64 million ($31.8 million).
The tender covers building a school that is part of Abu Dhabi Future School Phase 8, Package 4, according to a bourse statement on Thursday.
The project has an execution duration of 503 days.
Combined Group expected realising operating profits from the UAE’s tender, the company said, adding that this income will be registered in the income statements of Combined Group over the coming years.
At the stock level, Combined Group closed Thursday’s session 1.3% higher at 315 fils.
