Mubasher: Gulf Dredging and General Contracting Co, a subsidiary of Heavy Engineering Industries and Shipbuilding (HEISCO), has signed a contract to execute a project by Kuwait National Petroleum Co (KNPC).
The contract is worth KWD 1.09 million and will mature in five years, according to a bourse statement issued on Thursday.
HEISCO said that this deal will generate operating profits, which will be registered in the financial statements of fiscal year 2017.
