Mubasher: Kuwait-based Specialities Group Holding on Sunday announced that its subsidiary Alghanim Specialities Co signed a KWD 4.25 million contract with Kuwait Port Authority (KPA).

The deal involves operating and maintaining bridge cranes and land equipment in Shuwaikh Port owned by KPA, according to a statement to Boursa Kuwait.

The agreement will not affect the current financial position of the Kuwaiti firm, the statement added.

During the fourth quarter of 2018, Specialities Group reported turning profitable after logging KWD 661,000, against a loss of KWD 2.73 million ($9.01 million) in Q4-17.