Heavy Engineering Industries and Shipbuilding Company (HEISCO) signed a contract to execute a project of Kuwait Oil Company (KOC) for KWD 10.72 million ($35.6 million).

HEISCO noted that the financial impact will be an operating profit between 4.5% and 6.5%, however, this percentage can be changed during the execution of the project.

The KSE-listed company’s capital totals KWD 17.17 million, distributed on 171.7 million shares with a par value of 100 fils a share.