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Al Imtiaz unit inks tender deal with KNPC

Al Imtiaz unit inks tender deal with KNPC
Photo Credit: Arabianeye-Reuters
ALIMTIAZ
ALIMTIAZ`R
115.33% 64.60 34.60

Mubasher: Hot Engineering and Construction Co, a subsidiary of Al Imtiaz Investment Group, has signed a tender contract with Kuwait National Petroleum Co (KNPC) for KWD 13.32 million.

The five-year contract will generate a profit ranging from 2% to 4% of the contract’s value; however, this rate can be changed, the company said in a bourse statement issued on Monday.