Heavy Engineering Industries and Shipbuilding (SHIP) News - Mubasher Info
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Heavy Engineering Industries and Shipbuilding (SHIP)

Last update: 29 February 12:38 PM market time.
851.00
-1.00
-0.12%
Open 845.00
Previous Close 852.00
High 854.00
Low 845.00
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Volume 368,860
Turnover 314,517.60
All data are 15 minutes late during market session

News

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6 June 2023 06:16 PM Kuwait’s HEISCO wins SAR 500m contract in Saudi Arabia for Aramco
Mubasher: Heavy Engineering Industries and Shipbuilding Company (HEISCO), listed on Boursa Kuwait, announced that its branch in Saudi Arabia received a letter of award from the main contractor of a project in Ras Tanura City in the Kingdom. …
The subcontract is effective for eight months
8 June 2020 02:19 PM HEISCO to execute KWD 1.1m pipeline works for KOC
Mubasher: Heavy Engineering Industries and Shipbuilding Company (HEISCO) has signed a subcontract with the main contractor of Kuwait Oil Company (KOC) for manufacturing and dyeing works for gas pipelines, at a total value of KWD 1.1 million. The …
The transaction will reflect on financial statements for 2020 and 2021
9 April 2020 03:29 PM HEISCO renews tender deal with KOC by KWD 6.5m
Mubasher: Heavy Engineering Industries and Shipbuilding Company (HEISCO) has issued the seventh change order to increase the value of a tender contract by KWD 6.52 million. The tender covers the maintenance and support services to Kuwait Oil …
Earnings registered KWD 3.1 million in Q4-19
30 March 2020 10:16 AM HEISCO records 16% higher profit in FY19; dividends proposed
Mubasher: The net profit of Heavy Engineering Industries and Shipbuilding Company (HEISCO) increased by 16.4% during the fiscal year (FY) ended in December 2019 to reach KWD 11.2 million from KWD 9.6 million in 2018. The growth in last year’s …
Each of the two contracts is for one year
30 March 2020 10:00 AM HEISCO extends $21m deals in Kuwait
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has renewed contracts worth nearly $21 million with Kuwait Oil Company (KOC) and the US army.  Valued at KWD 3.27 million ($10.5 million), the first contract with the Kuwaiti …
Photo Archive
7 November 2019 05:24 PM KNPC awards KWD 1.9m to HEISCO’s subsidiary
Mubasher: Al Khaleej Constructions, Marine Works, and General Contracting Company, which is 99.91% owned by the Heavy Engineering Industries and Shipbuilding (HEISCO), has signed a KWD 1.89 million contract, according to a Bourse Filing on …
Photo Archive
6 November 2019 05:17 PM HEISCO profits grow 12% in Q3
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) reported an increase in profits during the third quarter (Q3) of the year by 11.88%, as shown by the company’s financial statements. In the three-month period, profits registered KWD …
The 36-week tender is offered by Kuwait Oil Company
16 October 2019 09:30 AM HEISCO wins KWD 1.7m tender by KOC
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) was awarded a KWD 1.668 million tender for the import of seamless pipes. The 36-week tender is offered by Kuwait Oil Company (KOC), according to a bourse statement on Wednesday.   …
HEISCO’s profits soared to KWD 5.44 million in H1-19
6 October 2019 11:02 AM HEISCO’s unit wins KWD 1.89m tender
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) announced that its subsidiary, Gulf Dredging and General Contracting Co, was awarded a KWD 1.89 million worth of tender. The six-month tender was offered by Kuwait National Petroleum …
HEISCO’s profits declined to KWD 2.79 million in Q2-19
15 September 2019 11:58 AM HEISCO pens KWD 4m deal with Kuwaiti KNPC
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) announced that it has concluded a 62-month contract worth of KWD 4.018 with Kuwait National Petroleum Company (KNPC). The contract stipulates cleaning and removal works of coal …
The tender is in favour of Kuwait’s electricity and water ministry
15 August 2019 05:13 PM HEISCO’s unit wins KWD 5.7m tender
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) announced that its 99.92%-owned subsidiary Gulf Dredging and General Contracting Co. was awarded a tender valued at KWD 5.69 million ($18.76 million). The tender is in favour of …
The firm logged a profit of KWD 5.44 million in H1
5 August 2019 03:53 PM HEISCO’s profit falls to KWD 2.8m in Q2-19
Mubasher: Heavy Engineering Industries and Shipbuilding Co. (HEISCO) posted a 3.6% year-on-year profit retreat during the second quarter of 2019. HEISCO’s profits slid to KWD 2.79 million ($9.18 million) in the three-month period ended 30 June, …
The five-year contract aims to provide general supporting services
15 July 2019 02:39 PM HEISCO pens KWD 9m contract with Wafra Joint Operations
Mubasher: Heavy Engineering Industries and Shipbuilding Company (HEISCO) signed a KWD 9.04 million agreement with Wafra Joint Operations. The five-year contract aims to provide general supporting services, according to HEISCO’s statement to Boursa …
HEISCO will construct 11-kilovolt electricity substations
27 June 2019 05:16 PM HEISCO wins $42.3m contract from KPC
Mubasher: Heavy Engineering Industries & Shipbuilding Co. (HEISCO) has won a KWD 12.84 million ($42.29 million) contract from Kuwait Oil Company (KOC), a subsidiary of Kuwait Petroleum Corporation (KPC).  Under the 900-day contract, HEISCO will …
The contract is expected to generate operating profit
15 May 2019 08:15 PM HEISCO inks $6.47m deal with Saudi Arabian Chevron
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a KWD 1.97 million ($6.47 million) seven-month contract with the Kuwait-based Saudi Arabian Chevron Inc. The contract is expected to generate operating profit, which will …
The firm ascribed the growth of Q1-19 profits to a decrease in expected credit losses from assets
13 May 2019 02:54 PM HEISCO logs KWD 2.7m profit in Q1
Mubasher: Heavy Engineering Industries & Shipbuilding Co. (HEISCO) reported a 41% year-on-year rise in profits during the first quarter of 2019. HEISCO’s profits amounted to KWD 2.65 million in Q1-19, up from KWD 1.88 million ($6.2 million) during …
HEISCO’s profits surged 59% to KWD 9.64 million in 2018
9 May 2019 02:28 PM HEISCO shareholders nod to capital raise
Mubasher: Heavy Engineering Industries & Shipbuilding Co.’s (HEISCO) shareholders approved the board’s proposal for raising capital to KWD 22 million from KWD 18.024 million during an extraordinary general meeting (EGM) held on Thursday. The …
This contract holds a maturity period of 20 months
5 May 2019 01:59 PM HEISCO wins KWD 4m construction deal
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has received a letter of award at a total value of KWD 4.1 million ($13.5 million). This contract covers the constriction and mechanical works as well as electricity and microunits …
HEISCO is targeting KWD 191 million revenue in 2019
3 May 2019 05:29 PM HEISCO’s shareholders nod to 30 fils per-share dividends
Mubasher: The general assembly of Heavy Engineering Industries and Shipbuilding (HEISCO) approved the distribution of 30% of the company’s issued and paid capital in cash dividends for the fiscal year 2018. The approved dividends stood at SAR 0.3 …
HEISCO also announced establishing a subsidiary specialised in hiring competent technical workers
8 April 2019 10:47 AM HEISCO inks KWD 3.6m deal with KOC
Mubasher: Kuwait-based Heavy Engineering Industries and Shipbuilding (HEISCO) on Monday announced signing a five-year contract with the state-owned Kuwait Oil Company (KOC) at a value of KWD 3.63 million ($12 million). Under the agreement, HEISCO …
The tender has a duration of seven months
17 March 2019 10:17 AM HEISCO wins KWD 2m tender
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) was awarded a tender contract at a value of KWD 1.97 million, according to a bourse statement on Sunday. The tender deal was offered by the Kuwait-based Saudi Arabian Chevron Inc, …
HEISCO reported a growth of 58.89% in profits in FY18
12 March 2019 03:44 PM HEISCO records KWD 10m profits in FY18; dividends proposed
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) achieved a surge of 62.15% in profits during the fourth quarter of 2018 compared to the same period a year ago. Earnings increased to KWD 2.54 million ($8.37 million) in Q4-18 from …
The Scientific Center Kuwait
16 December 2018 09:47 AM HEISCO awarded $16.5m Scientific Center project
Mubasher: Heavy Engineering Industries and Shipping Company (HEISCO) on Sunday announced receiving a letter of intent (LOI) through its subsidiary Gulf Dredging and General Contracting Co. KSC from The Scientific Center Management Company KSCC. …
Net profits amounted to KWD 2.3 million ($7.6 million) in Q3-18
12 November 2018 02:43 PM HEISCO’s profit hikes 79.6% in Q3
Mubasher: Heavy Engineering Industries and Shipping Company (HEISCO) on Monday posted a 79.6% year-on-year surge in profits for the third quarter of 2018. Net profits amounted to KWD 2.3 million ($7.6 million) in Q3-18, compared to KWD 1.3 million …
The deal entails implementing construction, mechanical, pipes, and electricity works in the project.
28 August 2018 10:16 AM KIPIC wins KWD 7m deal from HEISCO
Mubasher: Kuwait-based Heavy Engineering Industries and Shipbuilding (HEISCO) on Tuesday announced awarding a KWD 6.7 million ($22.16 million) contract to Kuwait Integrated Petroleum Industries Company (KIPIC) in Al-Zour Oil Refinery Project. The …