Combined Group Contracting KSCP (CGC`R)

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News

2 August 2021 11:13 AM CGC's unit wins AED 195m tender for project in UAE

Mubasher: A subsidiary of Combined Group Contracting (CGC) has won a tender to develop and raise the efficiency of Sharjah E88 federal road in the UAE at a total value of AED 194.8 million (KWD 15.965 million). The project will take 730 days to be …

Companies Investments

12 April 2021 01:34 PM CGC's unit in UAE offers lowest bid in KWD 16m tender

Mubasher: Abu Dhabi General Services (Musanada), a subsidiary of Combined Group Contracting (CGC), has offered the lowest bids in a tender for the infrastructure construction of Al Mirfa Industrial Area in Abu Dhabi, with a total value of …

Companies Investments

24 August 2020 00:07 PM CGC, China’s CFHEC awarded KWD 88.9m contract

Mubasher: Combined Group Contracting (CGC) announced that a special tender contract has been awarded to China First Highway Engineering Company (CFHEC) and its local partner in Kuwait, CGC, for road building and maintenance. The contract is valued …

Companies Investments

29 June 2020 10:20 AM CGC's unit wins $2m tender for project in UAE

Mubasher: A subsidiary of Combined Group Contracting (CGC) in the UAE won a tender worth AED 7.67 million, equivalent to KWD 644,938 ($2.1 million), for parking lots in the UAE. The owner of the parking lots of the Critical Infrastructure …

Companies Investments

14 June 2020 02:55 PM CGC's unit inks $81m tender for project in Abu Dhabi

Mubasher: One of the subsidiaries of Combined Group Contracting Co. (CGC) in Abu Dhabi has signed a tender contract worth AED 295.8 million, equivalent to KWD 24.95 million ($81.2 million). The deal involves developing a rainwater drainage network …

Companies Investments

10 May 2020 11:09 AM CGC profit down 29% in 2019; proposes 5% bonus shares

Mubasher: The net profit of Combined Group Contracting Co. (CGC) slumped by 29.3% in fiscal year (FY) 2019 to reach KWD 3.6 million, compared with KWD 5.1 million a year earlier.   The drop in the last year’s net earnings is due to lower operating …

Board of Directors

9 April 2020 10:38 AM Kuwait's public tender agency lifts sanctions on Combined Group

Mubasher: The board of the Central Agency for Public Tenders (CAPT) decided to lift the sanctions imposed on Combined Group Contracting (CGC) effective Wednesday, 8 April. Accordingly, the company has resumed its normal business activity with the …

Companies Investments

18 March 2020 09:53 AM Combined Group’s unit in UAE awarded AED 296m tender

Mubasher: Combined Group Contracting Emirates, a subsidiary of Combined Group Contracting (CGC) in Abu Dhabi, has won a tender worth AED 295.8 million, equivalent to KWD 24.95 million ($81 million). Under the tender, the CGC subsidiary will …

Companies Investments

19 January 2020 00:29 PM Combined Group’s unit inks KWD 19.9m deal in UAE

Mubasher: Combined Group Contracting (CGC) announced that its subsidiary in the UAE has signed a tender contract worth AED 240.46 million, equivalent to KWD 19.89 million, ($65.71 million), to develop internal roads and infrastructure in Ras …

Companies Investments

11 December 2019 05:02 PM Combined Group’s unit in KSA pens KWD 10.7m tender deal

Mubasher: Combined Group Contracting’s (CGC) Saudi Arabia subsidiary signed a tender contract worth KWD 10.746 million ($35.5 million), which covered civil works services for the field in Wafra area, according to the company’s bourse filing. The …

Company News

5 December 2019 04:21 PM Combined Group wins $65.6m contract in UAE

Mubasher: Combined Group Contracting (CGC) was awarded tender worth AED 240.46 million (KWD 19.89 million) ($65.6 million), the company said on Thursday in a bourse filing. The tender is related to the construction of internal roads and …

Company News

27 November 2019 03:55 PM Combined Group’s unit inks AED 23m tender deal

Mubasher: Combined Group Contracting (CGC) said that its UAE subsidiary, Combined Group Contracting Emirates, has been awarded a tender contract for the construction of internal roads in Al Farfar, Fujairah. The 240-day contract is valued at AED …

Companies Investments

7 November 2019 11:32 AM Combined Group Q3 profits decline 57%

Mubasher: Combined Group Contracting (CGC) reported a 56.7% decrease in profits during the third quarter (Q3) of the year, according to a statement to Boursa Kuwait on Thursday. Profits amounted to KWD 245,500 ($838,640) by the end of Q3-19, …

Company News

14 October 2019 04:10 PM Combined Group's branch in KSA wins KWD 10.7m tender

Mubasher: Combined Group Contracting Company announced that its branch in Saudi Arabia was awarded a tender worth KWD 10.746 million (nearly $35.5 million) that covers civil works services of the fields in Wafra. This tender was offered by the …

Company News

19 September 2019 05:15 PM Combined Group wins AED 23.33m tender in Fujairah

Mubasher: Combined Group Contracting Company announced that its UAE-based subsidiary, Combined Group Contracting Emirates, has won a tender covering the construction and building works of internal roads in Al Farfar, Fujairah. The tender is valued …

Companies Investments

16 September 2019 10:09 AM Kuwaiti firm wins 1st place in Musanada’s AED 260.8m tender

Mubasher: Combined Group Contracting announced that its subsidiary in the UAE, Combined Group Contracting Emirates, was ranked the first by offering the lowest bids in a UAE tender by Abu Dhabi General Services Company (Musanada). Musanada’s …

Utilities

7 August 2019 10:14 AM Combined Group Q2 profits up 27%

Mubasher: Combined Group Contracting Company, listed on Boursa Kuwait, has reported a 26.5% year-on-year growth in profits for the second quarter of 2019. Profits stood at KWD 1.05 million ($3.46 million) in Q2-19, versus KWD 830,000 ($2.74 …

Financial Results

8 July 2019 10:55 AM Combined Group’s stock hits 1.5M high on Monday

By: Mohamed Farouk Mubasher: The stock of Combined Group Contracting Company registered on Monday the second active trading level since the beginning of 2019. Hitting the highest level in six weeks, the stock posted liquidity of KWD 1.81 million …

Stock Evaluations

30 May 2019 01:41 PM Combined Group’s UAE unit wins AED 16.5m tender

Mubasher: The subsidiary of Combined Group Contracting in the UAE, Combined Group Contracting Emirates, was awarded a tender at a total value of AED 16.485 million or KWD 1.366 million ($4.5 million). Carrying a duration period of 423 days, this …

Company News

14 May 2019 00:33 PM Combined Group Q1 profits grow to KWD 2m

Mubasher: Combined Group Contracting Company achieved an increase of 13.1% in profits during the first three months of 2019 when compared to the same quarter last year. Profits rose to KWD 2.07 million ($6.82 million) in Q1-19 from KWD 1.83 …

Financial Results

5 May 2019 03:14 PM Combined Group to pay 20 fils/shr dividend for FY18

Mubasher: The shareholders of Combined Group Contracting approved to pay 20% of the capital as cash dividend for fiscal year 2018. Combined Group will pay 20 fils per share to the entitled shareholders as a dividend for FY18, according to Kuwait …

Board of Directors

17 April 2019 03:24 PM Kuwait’s Combined Group to build AED 116.4m school in Abu Dhabi

Mubasher: Combined Group Contracting (CGC) has signed a KWD 9.64 million (AED 116.4 million) contract to construct a school in the emirate of Abu Dhabi. Under the deal, CGC will build the Abu Dhabi Future School Phase 8, Package 4, while the …

Companies Investments

26 March 2019 04:28 PM Combined Group's unit wins $26m contract to build road in UAE

Mubasher: Combined Group Contracting announced that its UAE subsidiary has signed an AED 94.98 million ($26 million) contract to design, implement, and develop Sieh Shuaib road. The Kuwaiti group stated that the project will be implemented within …

Companies Investments

19 March 2019 10:39 AM Combined Group logs KWD 5m profit in FY18; dividends proposed

Mubasher: Combined Group Contracting reported a decline of 35.8% in profits during the fourth quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 1.88 million ($6.2 million) in Q4-18 from KWD 2.93 million ($9.7 million) …

Financial Results

20 February 2019 03:35 PM Combined Group inks KWD 102.5m tender deal in UAE

Mubasher: Combined Group Contracting has signed a tender contract valued at KWD 102.55 million ($338.3 million) in the UAE, according to a bourse statement on Wednesday. The tender deal covers building and executing maintenance works of 410 villas …

Companies Investments