Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a contract for Kuwait Oil Company (KOC), with a value worth KWD 5.43 million ($18 million), the company said in a statement.
The contract has duration of 12 months starting from 3 April, 2016.
HEISCO clarified that the operating profits from the project will be registered in FY 2016/2017.
On the KSE’s level, the stock retreated 2.8% to 140 fils, half an hour before closing Thursday’s session, as 10,000 shares were traded with a value wroth about KWD 1,400.
