National Industries extends Scami Oil Tools deal
The National Industries Company announced the extension of two of its contracts with Kuwait Oil Company for an additional six months, with an increase of approximately 13.04 million Kuwaiti Dinars in the total value of the two contracts. The first contract covers deep well drilling services and has been extended to be completed in January 2027 instead of July 2026. The second contract pertains to developmental well drilling and has been extended to be completed in January 2027 instead of September 2026. The financial impact of these extensions is expected to appear in the subsidiary's financial statements, which achieved a profit of 859.84 thousand Dinars in the first half of 2026, reflecting a 44.21% decrease compared to the same period in the previous year.
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