Mubasher: A subsidiary of Al Imtiaz Investment Group has been awarded a tender by the Central Agency for Public Tenders (CAPT) for a project by the Ministry of Public Works (MPW) involving the construction and maintenance of roads and services in South Khaitan area.

The KWD 9.86 million tender carries a maturity period of 18 months, according to a stock exchange disclosure on Thursday.

The subsidiary is likely to realise a profit margin ranging from 2% to 4% of the contract's total value, Al Imtiaz Investment noted, adding that such percentage is not fixed and subject to change based on many factors, including the project workflow and execution period.       

The group's share will be calculated based on the net profit and its 50.69% stake in the subsidiary.