KOC Awards $5.59 MM Tender to HEISCO

KOC Awards $5.59 MM Tender to HEISCO

Kuwait’s Heavy Engineering Industries and Shipbuilding (HEISCO) was awarded a $5.59-million tender for importing seamless pipes, Zawya reported citing Mubasher

Kuwait Oil Company (KOC) offered the tender, which took 36 weeks. The transaction will generate operating profits which will be reflected on HEISCO’s financial statements for fiscal year (FY) 2019/20.

It is worth noting that HEISCO achieved a decrease of 4% in profits during Q2 2019, while over H1 2019, the company recorded a growth of 13.

8% in profits.

Dina Elbehiry 642 Posts

Graduated from Faculty of Economics and Political Science- Cairo University.
Having an Economic background and currently working for Egypt Oil & Gas.

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