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Napesco receives KWD 1.8m order from KOC

Napesco receives KWD 1.8m order from KOC
This order will not impact the financial profile of Napesco
NAPESCO
NAPESCO
0.07% 1,398.00 1.00

Mubasher: National Petroleum Services (Napesco) announced receiving a change order from Kuwait Oil Co (KOC) to extend a contract.

The change order will add KWD 1.8 million to the original contract’s value which will total KWD 20.18 million, according to a bourse statement on Monday.

The contract’s duration will be for two months effective from 1 February 2019.

Napesco clarified that this order will not impact the financial profile of the company.

At the stock level, Napesco closed Monday’s session 9.9% higher at 970 fils.