KGL’s unit offers lowest bids in KWD 7.9m tender

Mubasher: Kuwait and Gulf Link Transport (KGL) announced that one of its subsidiaries has offered the lowest bids for a tender valued at KWD 7.894 million ($26.08 million) by Kuwait Fire Service Directorate.

The expected return of the tender, which is made for the supply of machines, devices, and means of transport, is around 5%, according to a bourse statement on Thursday.

It is noteworthy to mention that during the first nine months of 2019, KGL’s profits declined by 66.3% to KWD 1.29 million, compared to KWD 3.83 million in the corresponding period in 2018.

Mubasher Contribution Time: 16-Jan-2020 08:56 (GMT)
Mubasher Last Update Time: 16-Jan-2020 08:56 (GMT)