Mubasher: Inovest announced that its 100%-owned subsidiary Tamcon Contracting was awarded a tender contract valued at BHD 10 million or KWD 8 million ($26.4 million).
The tender contract was awarded for a project in Bahrain, according to a bourse statement on Monday.
It is noteworthy that Inovets, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB), posted a decline of 64.6% in profits to $2.9 million during the first quarter of 2018 compared to $8.2 million in the same period a year ago.
