Date : 28-04-2020
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A subsidiary of Al Imtiaz, owned by 50.69%, was awarded the tender No. 46/2016/2017, which is related to the supply, implementation, initial operation and maintenance of infrastructure development work for the fuel receiving systems at Shuwaikh Station (Ministry of Electricity and Water), with a value of KWD 5,395,578.525 (five million three hundred ninety five thousand five hundred and seventy eight dinars and five hundred and twenty five fils) for a period of 30 months.

The subsidiary company is expected to realize a profit margin of 2% - 4% of the contract value. It should be noted that the profit margin is estimated and non-fixed rate, and may fluctuate up and down based on the project progress, the execution period, the completion ratio and the actual results achieved after the project's full execution. The profit share of Al Imtiaz Investment Group is 50.69% to be computed out of the net profit according to the estimated completion ratio