Kuwait – Mubasher: Kuwait and Gulf Link Transport (KGL) was awarded the lowest bids for a number of articles in a tender offered by the education ministry.
The tender contract is worth KWD 7.36 million, with duration period of three years, the company said in a bourse statement issued on Thursday.
A return of 5% is expected to be delivered from the contract, the company said, noting that this rate can be modified.
On the stock level, KGL started Thursday’s session higher with 3.23% at 10:10am Kuwait time, after about 867,220 shares were traded at a value of nearly KWD 54,700.
