A subsidiary of Al Imtiaz, owned at 50.69% by the Group was awarded contract No. CFP/MISC/0066 for works of preliminary services before and during the operation of the environmental fuel project package No.
1 – Mina Abdullah Refinery of KNPC, valued at KWD 3,923,082.228 for a period of 2 years.
The subsidiary company is expected to realize a profit margin of 2% - 4% of the contract value, noting that this profit margin is an estimate and non-fixed rate, and could change up and down based on project progress, execution period, completion ratio and actual results realized after the project full execution. Al Imtiaz Investment Group will have a 50.69% profit share out of the net profit according to the estimated completion percentage.