Kuwait – Mubasher: Arabi Group Holdings said one of its units has submitted the lowest price in respect to a tender offered by the Kuwait Oil Corporation (KOC) worth KWD 23.44 million.

The tender is related to the project of developing KOC current exportation utilities, said a bourse filling.

The project is expected to be completed within 42 months, noted the bourse filling.

Arabi Group Holdings posted KWD 1.36 million in losses for the third quarter of 2016, against KWD 73,020 for the same period of the previous year.