Date : 23-10-2019
View PDF File

A subsidiary of Al Imtiaz, owned by 50.69%, obtained the contract No. JO/SC442/MM18 for supplying heavy equipments for Wafra Joint Operations – Kuwait Gulf Oil Company, valued at KWD 11,497,324 for 5 Years.
The company is expected to achieve a profit margin of 2% - 4% of the value of the contract, the profit margin is an estimated and non-fixed rate, and it changes based of the stages of the project, the period of implementation, the percentage of completion and the actual results achieved after the full implementation of the project. The share of Al Imtiaz Investment Group is 50.69?lculated from the net profit according to the estimated percentage of achievement.