Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a deal worth KWD 5.43 million with the main contractor of a new project by Kuwait Oil Company (KOC).
The contract has duration of 12 months starting from 3 April, 2016, the company said in a bourse statement.
The development in HEISCO’s disclosure is raising the project value to KWD 10.25 million, the company said, adding that the financial impact is operating profits to be registered in the financials of 2016 and 2017.
HEISCO stock reached 160 fils in the second hour from starting Sunday’s session, after one transaction was executed by 110 shares at a value of KWD 18.
