Mubasher: Al Imtiaz Investment Group announced that a subsidiary, owned by 50369%, was awarded a four-year contract from Kuwait Gulf Oil Company (KGOC).

The value of this contract stands at KWD 9.59 million to cover services and maintenance works for operations by KGOC.

Al Imtiaz expects a profit margin ranging from 2% to 4% of the contract’s total value, while the company’s share in profits will be 50.69% or equal to its ownership equity of the subsidiary.