Kuwait – Mubasher: Future International Communications, a wholly-owned subsidiary of Kuwait-listed Future Communications Company Global (FCCG), has announced signing a contract with Dubai-listed Emirates Integrated Telecommunications Co. “du”.

In its filing to the Kuwait Stock Exchange (KSE), FCCG revealed that the contract amounts to $14.3 million (AED 52.6 million).

Pursuant to the contract, Future International Communications will maintain fixed and cellular communication, fibre optics and infrastructure networks for du in Abu Dhabi, the UAE.

The three-year contract is expected to result in around seven percent ($1 million) in operational profits for the Kuwaiti firm.

FCCG had reported an annual profit of $2.6 million in FY14 compared to a profit of $2.7 million in 2013, registering a decline by 4.4%.

FCCG’s capital amounts to KWD 8.10 million divided on 81.03 million shares.