Beyout Investment Group announced in a statement to Boursa Kuwait today that it has awarded a strategic partnership contract to its 99.56% subsidiary, Kuwait Resource House Company for Human Resources Services and Management. 

The agreement entails offering logistical services over a duration of three and a half years in partnership with an American company, with a maximum value reaching 450 million US dollars, roughly translating to approximately 138,042,000 Kuwaiti dinars. 

Beyout noted that there is no impact on the financial position at the present time, noting that the financial impact of the contract will be reflected in enhancing revenues, profitability ratios and liquidity during the contract implementation period.