Mubasher: Arabi Enertech, a 73%-owned subsidiary of Arabi Group Holdings, has won a tender worth KWD 94.89 million offered by Kuwait National Petroleum Company (KNPC).

The 63-month tender covers the mechanical maintenance of Mina Al Ahmadi Refinery as well as its liquefied gas production facilities, according to a stock exchange statement on Wednesday.

It is worth highlighting that in the third quarter (Q3) of 2019, Arabi Group incurred losses worth nearly KWD 863,000, 14% up from about KWD 757,000 in Q3-18.