Kuwait and Gulf Link Transport (KGL)

Mubasher: Kuwait and Gulf Link Transport Company (KGL) and KGL Logistics announced that an Egyptian appeal court annulled an international arbitration verdict previously issued against Damietta Port Authority (DPA).  The international …

Mubasher: Kuwait and Gulf Link Transport Company (KGL) on Thursday announced that the International Centre for Settlement of Investment Disputes (ICSID) has ruled in favour of KGL Transportation Company, a 100%-owned subsidiary, against Kellogg …

Mubasher: KGL Car Rental Co, a subsidiary of Kuwait and Gulf Link Transport Company (KGL) has inked a credit facility agreement worth KWD 16 million ($52.6 million) with a local bank. The deal aims to finance the subsidiary’s business activities, …

Mubasher: The International Court of Arbitration, a branch of the International Chamber of Commerce (ICC), has ruled in favour of Damietta International Ports Company (DIPCO), a 25%-owned subsidiary of KGL International for Ports, Warehousing & …

Mubasher: Boursa Kuwait has halted trading on Kuwait and Gulf Link Transport Company (KGL) and KGL Logistics as of Sunday, 16 February, until Wednesday, 19 February.   The decision was subject to a request by the two companies to the Kuwaiti stock …

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 …

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, …

Mubasher: Kuwait and Gulf Link Transport (KGL) reported that its profit dropped by 66.9% year-on-year in the third quarter of this year, the company’s financial results showed on Wednesday. Net profit attributable to KGL owners totalled KWD …

Mubasher: A subsidiary of Kuwait and Gulf Link Transport (KGL), that is owned by 80%, has offered the lowest bids for two articles in a tender affiliated to Kuwait Fire Service Directorate. The tender is valued at KWD 1.08 million and will cover …

Mubasher: Kuwait and Gulf Link Transport Company (KGL) and KGL Logistics denied the news reported on a court decision against Damietta Port Authority (DPA) which is affiliated to the Egyptian Ministry of Transport. The news reported that a court …

Mubasher: Kuwait and Gulf Link Transport (KGL) said that its 97% owned subsidiary, KGL Transportation Co, and its 98.9% owned unit, KGL Passenger Transport Services, secured KWD 12.54 million credit facilities from a local lender. KGL …

Mubasher: The shareholders of KGL Logistics approved on Thursday the board’s recommendation of distributing 5% of the capital as bonus shares for fiscal year 2018. The Boursa Kuwait-listed company will distribute 5-for-100 shares as bonus on 23 …

Mubasher: Kuwait and Gulf Link Transport’s (KGL) shareholders approved the board’s proposal to distribute bonus shares at 5% of paid-up capital or 5-for-100 shares for the full fiscal year 2018 during a meeting held on Wednesday, 22 May. The total …

Mubasher: Kuwait and Gulf Link Transport (KGL) announced a 61.66% year-on-year drop in profits of the first quarter of 2019. KGL’s profits amounted to KWD 553,400 ($1.8 million) in Q1-19, down from KWD 1.4 million ($4.6 million) during Q1-18, …

Mubasher: Kuwait and Gulf Link Transport (KGL)  has succumbed to losses in the fourth quarter of 2018, against generating a profit during the year-ago period. KGL’s losses reached KWD 379,890 ($1.25 million) in Q4-18, against a profit of KWD 7.78 …

Mubasher: Kuwait and Gulf Link Transport (KGL) has offered the lowest bids in a tender affiliated to Kuwait Fire Service Directorate. The tender is valued at KWD 2.68 million ($8.8 million), KGL said in a bourse disclosure on Tuesday. KGL said …

Mubasher: Kuwait and Gulf Link Transport (KGL) announced that its 99%-owned subsidiary KGL Car Rental Co has signed an agreement with the US army, according to a bourse disclosure on Tuesday. KGL Car Rental received a letter of award from the US …

By: Mohamad Farouk Mubasher: The stock of Kuwait and Gulf Link Transport (KGL) increased by 3% in line with Sunday’s announcement of signing a contract with the US army. By 11:11 am Kuwait time, the stock gained 3 fils to reach 103 fils, the …

Mubasher: Kuwait and Gulf Link Transport (KGL) on Sunday announced its subsidiary KGL Car Rental Co, has won a $230 million (KWD 70 million) car leasing contract with other companies from the US army. The seven and a half-year contract is set to …

Mubasher: Kuwait and Gulf Link Transport (KGL) on Tuesday announced that its 97%-owned subsidiary, KGL Transportation Co, has won a contract with Kuwait Oil Company (KOC). The contract’s total value amounted to KWD 2 million, according to a bourse …

Mubasher: Kuwait and Gulf Link Transport (KGL) achieved an increase of 13.7% in profits during the second quarter of 2018 compared to the corresponding period a year ago. Earnings grew to KWD 1.16 million ($3.84 million) in Q2-18 from KWD 1.02 …

Mubasher: Kuwait and Gulf Link Transport (KGL) announced that it offered the lowest bids in a tender submitted by the interior ministry of Kuwait. The tender contract is valued at KWD 6.7 million ($22.2 million), according to a bourse statement on …

Mubasher: Boursa Kuwait announced that the trading activity on the stocks of Kuwait and Gulf Link Transport (KGL) and KGL Logistics resumed after an hour from disclosing the details of the legal lawsuit. Earlier on Tuesday, Boursa Kuwait announced …

Mubasher: Boursa Kuwait announced on Tuesday that trading on both Kuwait and Gulf Link Transport (KGL) and KGL Logistics is suspended. The decision to suspend trading on the two stocks was based on a request by the two listed companies until they …