Kuwait – Mubasher: Hayat Communications has announced in a filing to the Kuwait Stock Exchange (KSE) that it has signed a contract with the UAE’s Emirates Integrated Telecommunications Co. “du” to maintain all its fixed and cellular networks in the emirate of Dubai.

The three-year contract is worth AED 110 million ($30 million).

According to Hayat’s bourse filing, the firm is expected to achieve a 10% profit margin for the contract. This will reflect positively on Hayat’s financials statements.