Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) was awarded a tender offered by the electricity and water ministry of Kuwait.
The tender contract is valued at KWD 20.75 million ($69.3 million), according to a bourse statement on Wednesday.
The Kuwait-based marine services provider noted that the tender has a duration period of five years.
It added that the financial impact of this tender will be operating profits that will be registered in the income statements from the beginning of 2018 until 2023.
