Mubasher: Combined Group Contracting Company has signed a contract worth KWD 72.94 million ($238.21 million) for a tender offered by Kuwait Oil Company (KOC).

The contract matures in five years, the company said in a bourse statement issued on Sunday, adding that the project will start in June.

Combined Group expects good results during the period of project execution.

At the stock level, Combined Group on Sunday rose by 1.72% to 590 fils by 9:55 am Kuwait time.