Integrated Holding Company’s (IHC) subsidiary, Integrated Logistics Company (ILC), was awarded a USD10.4mn contract from Khafji Joint Operations (a joint venture between Aramco Gulf Operations Company and Kuwait Gulf Oil Company). The contract is for the purpose of renting heavy equipment for a duration of five years, and the operational implementation of the contract is expected to start in Jan 2019. It is worth noting that ILC is c100% owned by IHC.
Integrated Holding Company: KWD0.87 as of 28 Oct. 2018, Rating: Buy, TP: KWD1.30/share, MCap: USD634mn, INTEGRAT KK/INTG.KW
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