Mubasher: Al Kout Industrial Projects has signed a one-year contract to supply Saudi Arabia with 70,000 tonnes of hydrochloric acid at a total value of $7.7 million.

The agreement was penned with Rawabi Marketing International Company Limited (RMI) which will distribute the substance across the oil sectors in Saudi Arabia, according to the company's recent disclosure to Boursa Kuwait.

The contract will have a positive impact on the company's financial position.