Friday 29 Mar 2024
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KUALA LUMPUR (Dec 27): Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) rose 2.70% this morning after its consortium with UK-based TechnipFMC plc, bagged a six-year contract from Saudi Arabian Oil Co (Saudi Aramco) to undertake engineering, procurement, fabrication, transportation, and installation of offshore facilities within Saudi Arabia waters.

At 9.20am, MHB gained 1.5 sen to 57 sen with 136,300 shares traded.

In a filing with Bursa Malaysia yesterday, MHB said its wholly-owned unit Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) and TechnipFMC have signed a long-term agreement with Saudi Aramco, which is in support of Saudi Aramco’s offshore maintain potential programme.

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