Mubasher: Heavy Engineering Industries and Shipbuilding Company (HEISCO) signed a KWD 9.04 million agreement with Wafra Joint Operations.
The five-year contract aims to provide general supporting services, according to HEISCO’s statement to Boursa Kuwait on Monday.
The logistic company noted that the deal has a financial impact on its operating profits that will be included in its financial statements between 2019 and 2024.
It is worth mentioning that HEISCO reported a 41% year-on-year rise in profits during the first quarter of 2019, recording KWD 2.65 million.
