Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) said that its subsidiary, Gulf Dredging and General Contracting Co, has signed a contract with the main contractor for the electricity and water ministry of Kuwait.
The contract is worth KWD 16.77 million, with duration period lasting for 24 months, according to a bourse statement issued on Tuesday.
An operating profit will be achieved and registered in the financial statements for the fiscal years 2017 and 2018.
On the stock level, HEISCO ended Tuesday’s trading session at 186 fils, after 510,000 shares were traded with a value of nearly KWD 94,150.
