Al Imtiaz Investment's unit wins Ministry of Electricity and Water tender

The subsidiary is expected to achieve margin net profits


Mubasher: A subsidiary of Al Imtiaz Investment Group, in which it owns a 50.69% stake, was granted a 30-month tender worth KWD 5.4 million ($17.4 million) by Kuwait's Ministry of Electricity and Water.

Under the tender, the subsidiary will implement the initial operation and maintenance of the infrastructure works for receiving fuel systems within Shuwaikh power station in Kuwait, according to the company's disclosure to Boursa Kuwait on Tuesday.

The subsidiary is expected to achieve margin net profits of 2% to 4% of the contract's value, and the group's profit share will be calculated in proportion to its ownership in the subsidiary.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (

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.

More From Energy