Kuwait-Mubasher: National Petroleum Services (Napesco) has signed a deal worth KWD 10.6 million ($35.16 million) with Kuwait Oil Company (KOC), according to a bourse statement.
The contract covers a period of five years, with an optional renewal up to six months.
A profit margin of 10% or KWD 1.06 million ($3.52 million) will result from the deal.
On the stock market, Napesco settled at 730 fils, two hours from starting Tuesday’s session, as 805 shares were traded with a value of KWD 588.
