Tuesday, Apr 09, 2013
BEIRUT (Zawya Dow Jones)--Kuwait's Al Safat TEC Holding Co. (SAFTEC.KW) said its fully-owned local unit Al Alamiah Technology Group has won a 7.23 million dinars ($25.31 million) deal from state-run Kuwait Oil Co., or KOC.
The project will involve providing maintenance services to KOC's wireless communication systems over five years starting from December, Safat TEC said in a statement posted on the Kuwait bourse website on Tuesday.
Al Alamiah is expected to realize a profit of about KWD504,000 on this contract which is expected to be signed next month, according to the statement.
Write to Shikrallah Nakhoul at shikrallah@zawya.com
Copyright (c) 2013 Dow Jones & Co.
(END) Dow Jones Newswires
09-04-13 1256GMT
