Al Imtiaz Investment Group announced that its 87.5%-owned subsidiary, Hot Engineering and Construction Co, was awarded a tender valued at KWD 5.7 million.
The tender’s contract has a maturity period of 18 months, according to a bourse statement on Tuesday.
A profit ranging from 3% to 5% of the contract’s value is expected to be realised from this tender; however, this percentage can be modified.
The tender will cover the construction and maintenance works of a building affiliated to the Kuwait’s national guard.
At the stock level, Al Imtiaz closed Tuesday’s session 1.85% lower at 159 fils after 3.2 million shares were exchanged.