Napesco wins lowest bids in KOC tender

Napesco wins lowest bids in KOC tender
The tender is valued at KWD 2.25 million
NAPESCO NAPESCO 2.00% 818.00 18.00

Mubasher: National Petroleum Services (Napesco) was awarded the lowest bids in four out of five groups in a tender offered by Kuwait Oil Company (KOC).

The tender is valued at KWD 2.25 million, according to a bourse statement issued on Thursday.

Napesco said it would disclose any essential information regarding the financial impact from this tender when it is officially awarded and the contract is signed.

At the stock level, Napesco closed Thursday’s session 0.65% higher at 776 fils.

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Source: Mubasher

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