Mubasher: A subsidiary of Kuwait and Gulf Link Transport Company (KGL) submitted the lowest bids for a tender offered by Kuwait Integrated Petroleum Industries Company (KIPIC) and related to public transport vehicles rental.
The tender is valued at KWD 5.14 million, with an estimated 5% rate of return, according to a bourse statement on Wednesday.
KGL knew about the announcement from KIPIC’s official website and has not yet received any official letter of award.
