Mubasher: Combined Group Contracting was awarded a tender offered by Kuwait’s public works ministry for a total of KWD 6 million ($20 million).
This tender has a duration of 915 days that will cover the maintenance of public roads in Mubarak Al Kabeer governorate, according to a bourse statement on Monday.
The financial impact of this tender will be realised during the execution period and Combined Group will disclose the impact once developed.
It is noteworthy that Combined Group achieved an increase of 13% in profits to KWD 4.88 million in fiscal year 2017 compared to KWD 4.32 million in FY16.
