Date : 04-02-2020
View PDF File

A subsidiary of Al Imtiaz, owned by 50.69%, Signed a subcontract No. SH-HT-T-1158-050 for asphalt roads project for the new low cost residential project amounted KD 10,778,256.030.

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.

Disclosures