Mubasher: Jeeran Holding said that its subsidiary has signed a contract worth KWD 9.98 million to work as a subcontractor for a project with Essar Projects Ltd.- Dubai, according to a bourse statement issued on Wednesday.

The contract is part of the Al-Zour Refinery project by Kuwait National Petroleum Company (KNPC).

The additional works will be executed through three phases. The first one is worth KWD 1.97 million, while the second and third phases are worth about KWD 149,360 and KWD 7.86 million, respectively.

The financial impact will be reflected after signing the contract of the additional works.