Mushrif Trading & Contracting CEO Mohsen Dehghani is confident about Kuwait’s prospects, following a relatively stable political period that allowed the state to award contracts for many of the mega-projects that had been the subject of political tussles for years – not least the $12bn Clean Fuels project and the Az-Zour North water & power plant.
Mushrif, which was co-founded by Dehghani’s father in 1968, declared a net profit of $5.3mn on revenues of $134.9mn in 2013, which were broadly in line with its 2012 figures. Some 50% of its shares are owned by a fund controlled by Dubai-based private equity house Ithmar Capital.
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