Combined Group Contracting (CGC) is reported to have won KWD19.3 million contract related to execution of public works in Kuwait, as reported by Bloomberg, without giving further details on the contract. This is the second contract the company wins YTD, bringing total awarded to date in 2016 to KWD45.2 million. Our numbers incorporate KWD390 million in total awards for the year, down 15% Y-o-Y, compared to an exceptionally strong 2015, in which contract awards grew 60%, driven by infrastructure and construction contracts in Kuwait and Abu Dhabi. (Bloomberg) Combined Group Contracting: KWD0.79 as of 14 February 2016, Rating: Neutral, FV: KWD0.74 per share, MCap: USD323 million, CGC KK / CGCK.KW
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