Kuwait – Mubasher: Kuwait Company for Process Plant Construction and Contracting (KCPC) has signed a tender contract with the public works ministry of Kuwait, according to a bourse statement issued on Thursday.
The tender deal is worth KWD 97.96 million ($321 million), with duration period of 1,080 days.
The financial impact from this deal will be a margin profit accounting for 5% of the project’s value which will be registered in the financial statements starting from 2017 until 2019.
On the stock level, KCPC ended Thursday’s session lower by 5.88% to 160 fils, after about 34,100 shares were exchanged at a value of nearly KWD 5,500.
