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Al Imtiaz unit wins $7.8m tender

Al Imtiaz unit wins $7.8m tender
Photo Credit: Arabianeye-Reuters
ALIMTIAZ
ALIMTIAZ`R
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Mubasher: Al Imtiaz Investment Group said that its subsidiary Hot Engineering and Construction Co was awarded a five-year tender for a project by Kuwait Oil Company (KOC).

The tender contract is worth KWD 2.4 million ($7.8 million), Al Imtiaz said in a bourse filing issued on Wednesday.

A profit margin ranging between 3% and 5% of the contract’s value is expected to be realised, Al Imtiaz added.