Kuwait-Mubasher: Al Imtiaz Investment Group said that a subsidiary has signed a contract with Kuwait Oil Company (KOC) for KWD 8.98 million, according to a bourse statement.
Al Imtiaz owns 50.69% of the signing subsidiary.
The Kuwaiti company noted that a profit margin of 11% or KWD 81.6 million is expected from this deal which has duration of 365 days.
The company’s stock gained 1.32% or 77 fils after more than 400,000 shares were traded with a value of about KWD 30,400.
