Mubasher: Electricity Holding Company SAOC (Nama Holding) said it awarded to OIFC the Contract for Collection Services on behalf of all electricity distribution companies and the Public Authority for Electricity and Water.

The contract duration is two years, renewable for one year upon agreement of both parties, said a bourse filling.

The contract value is determined upon the actual number of transactions conducted through the collection channels of OIFC.

OIFC said it expects reasonable profits out of this contract.