Kuwait – Mubasher: Kuwait and Gulf Link Transport (KGL) said that its subsidiary was awarded the lowest bids in a tender offered by Kuwait Oil Company (KOC).

The tender contract is worth KWD 19.89 million, with duration period of three years, according to a bourse statement issued on Wednesday.

KGL noted that no official letter of notification was received by the company, the statement said, noting that the estimated return from this deal is 5%, which can be modified.

On the stock level, KGL rose by 3.33% to reach 62 fils by the end of Wednesday’s session.