56.13 million dinars in change orders for listed companies since the beginning of 2026
Kuwait-listed companies have received a number of change orders related to existing contracts and projects with government entities from the beginning of 2026 until the 13th of this month, bringing the total value of announced change orders to approximately 56.13 million Kuwaiti dinars, distributed among five listed companies.
Among the most notable change orders obtained by listed companies is a change order for a subsidiary of “Scomi Oil Tools Middle East,” owned by National Industries Company, valued at 13.04 million dinars with Kuwait Oil Company. This order includes the extension of two contracts for six months for services related to drilling products and engineering for deep and development wells.
Additionally, the Joint Contracting Group, a listed company, received several change orders, the most prominent of which was a change order valued at 10.20 million dinars related to a support services contract for the Al-Wafra Gas Gathering Project on behalf of the joint operations between Kuwait Gulf Oil Company and Saudi Aramco Chevron. The company also obtained several other change orders from other entities, such as the Ministry of Public Works.
Bait Al Qabous Holding announced during the period that its subsidiary, Bait Al Marade Al-Kuwaiti, received two change orders: the first valued at 7.68 million dinars with Kuwait Oil Company, and the second valued at 4.75 million dinars, which was announced last January.
Heavy Engineering Industries and Shipbuilding Company also received approval for a change order in favor of Kuwait Oil Company valued at 5.56 million dinars for the project to execute crude oil pipeline construction works and related activities in northern Kuwait, raising the total contract value to approximately 179.89 million dinars.
As for Al Nakheel for Agricultural Production, it recorded a change order valued at 2.39 million dinars due to an amendment to the reforestation contract for Zones 4 in northern and southern Kuwait in favor of Kuwait Oil Company, increasing the contract value from approximately 59.7 million dollars to 67.5 million dollars.
Disclosures by listed companies show that the oil sector accounted for the largest share of the value of these change orders, given that several contracts are linked to Kuwait Oil Company, joint operations, and entities operating in the oil sector. This reflects the scale of ongoing projects and their need for modifications in the scope of work, execution periods, or total contract values.
These change orders in several cases result from the extension of contract execution periods or an increase in the volume of work required from companies, leading to an increase in the total contract value compared to the base value at the time of award. This is clearly evident in some contracts that experienced extensions in execution periods, as well as other contracts whose values increased due to the addition of new works to the project scope.
Change orders are expected to remain primarily linked to the execution of ongoing projects, particularly in the oil sector, where many contracts span long time periods and may undergo modifications in the scope of work, required quantities, or duration during execution phases, which will be reflected in the final value of contracts concluded with listed companies.
