The Beyout Investment Group (BIG Holding) announced in a statement to the Boursa Kuwait today that its subsidiary, Kuwait Resources House Company for Human Resources Services and Management, received an email from a client at Amentume Inc. Service, informing them that the U.S. government has decided to reopen discussions and amend the contractual service period for the project to five years instead of three and a half years.
According to Beyout‘s statement to the Boursa Kuwait, this pertains to the contract announced on July 1, 2024, where a strategic partnership contract was awarded to Kuwait Resource House, in which it holds a 99.56% stake, to provide logistical services for three and a half years in cooperation with an American company.
Beyout mentioned that there is no financial impact resulting from this material information.