Al Kout inks $26.8mln tenders with Kuwait's electricity ministry
Both tenders will have a positive impact on the company’s financial statements
Image used for illustrative purpose. A pylon carries electricity from the Wylfa nuclear power station on October 23, 2013 in Tregele, Anglesey, United Kingdom.
By Staff Writer, Mubasher
Kuwait -Al Kout Industrial Projects has signed two KWD 8.16 million ($26.81 million) tenders with Kuwait’s Ministry of Electricity and Water.
The first tender, whose value amounted to KWD 7.4 million and has a 36-month term, includes the supply and delivery of chemicals to power and water distillation plants, according to a bourse statement released on Thursday.
With a value of KWD 767,420 and a 36-month term, the second tender includes the supply and delivery of industrial gases to power and water distillation plants.
Both tenders will have a positive impact on the company’s financial statements, Al Kout announced.
Al Kout’s profits levelled up 1.1% to KWD 6.29 million in 2018 from KWD 6.22 million a year ago.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.