Mubasher: Arabi Group Holdings on Sunday announced that its 73%-owned subsidiary, Arabi Enertech, has offered the lowest bid in a tender launched by Kuwait National Petroleum Company (KNPC).

The 63-month tender is valued at KWD 94.89 million, according to a bourse statement on Sunday.   

Moreover, it will cover the mechanical maintenance of Mina Al Ahmadi Refinery as well as its liquefied gas production facilities.

It is noteworthy that over the third quarter (Q3) of 2019, Arabi Group incurred losses worth nearly KWD 863,000, 14% up from about KWD 757,000 in Q3-18.