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Al-Safat Tec subsidiary to expand school for $7.3m

Al-Safat Tec subsidiary to expand school for $7.3m
Photo Credit: Arabianeye-Reuters
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Al-Marefa Exemplary Company, a subsidiary of Al-Safat Tec Holding Company, will handle the expansion works of Cambridge English School for a total of KWD 2.21 million ($7.3 million).

The financial impact of such project will reflect on the financial statements of Q3-2015.

Al-Safat Tec Holding’s capital stands at KWD 40 million, distributed on 400 million shares with a par value of 100 fils a share.