KGL Logistics K.P.S.C

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: 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: KGL Logistics has reported a 28.9% year-on-year profit decline during the third quarter of the fiscal year 2019. The company’s profit went down to KWD 1.07 million ($3.53 million) in Q3-19, compared to KWD 1.5 million ($4.95 million) in …

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: KGL Logistics has signed a license related to the KWD 50 million contract with the Amiri Diwan of Kuwait. Under the 35-year contract, the company will handle the construction, completion, as well as the maintenance and operating works …

Mubasher: KGL Logistics, listed on Boursa Kuwait, has reported a 22.7% year-on-year decline in profits for the second quarter of 2019. Profits stood at KWD 1.43 million ($4.71 million) in Q2-19, versus KWD 1.85 million ($6.09 million) during …

Mubasher: KGL Logistics was awarded a tender contract valued at KWD 12.026 million from Kuwait Oil Company (KOC). This tender deal covers stevedoring services, customs clearance, as well as freight management and other services for KOC, KGL …

Mubasher: KGL Logistics announced that it will sign a contract on the bidding with the Amiri Diwan of Kuwait at a value of KWD 50 million. With a 35-year contract duration, this bidding covers the construction, completion, as well as the …

Mubasher: The Central Agency for Public Tenders (CAPT) has approved the Kuwait Oil Company’s request to award KGL Logistics Company a KWD 12 million contract for providing materials services, customs clearance, shipping management, and other …

Mubasher: Boursa Kuwait Securities Company has decided to resume the trading activity on the stock of KGL Logistics, following a disclosure on a legal case between KGL Stevedoring, a subsidiary of KGL Logistics, and Kuwait Ports Authority (KPA), …

Mubasher: The extraordinary general meeting (EGM) of KGL Logistics approved increasing the authorised and paid-up capital to KWD 77.18 million from KWD 73.51 million. This capital hike will be executed by issuing 36.75 million shares that …

Mubasher: KGL Logistics announced an 18.6% year-on-year decrease in profits during the first quarter of 2019. The company’s profits reached KWD 1.68 million ($5.54 million) in Q1-19, down from KWD 2.07 million ($6.82 million) during Q1-18, …

Mubasher: Kuwait-based KGL Logistics on Monday posted a 744.6% year-on-year jump in profits during the fourth quarter of 2018. The company’s profits amounted to KWD 503,390 ($1.66 million) in Q4-18, compared to KWD 59,590 ($196,290) during Q4-17, …

Mubasher: KGL Logistics has offered the lowest bids in a tender by Kuwait Oil Company (KOC) for four years, according to a bourse disclosure on Thursday. The oil tender has a total value of KWD 12.39 million ($40.83 million). KGL Logistics expects …

Kuwait – Mubasher: KGL Logistics Company announced that it has offered the lowest bid for a warehouse management contract with Kuwait National Petroleum Company (KNPC), which stood at KWD 7.24 million ($24 million). The contract will last for five …

Mubasher: KGL Logistics registered a decrease of 11.4% in profits during the second quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 1.86 million ($6.15 million) in Q2-18 from KWD 2.1 million ($6.95 million) in Q2-17, …

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 …

Mubasher: The postponed extraordinary general meeting (EGM) of KGL Logistics approved on Sunday increasing the authorised, issued, and paid-up capital by 5% or KWD 3.5 million. KGL Logistics will raise the capital to KWD 73.5 million from KWD 70 …

Mubasher: The ordinary general meeting (OGM) of KGL Logistics approved the board’s recommendation to distribute 5% of the capital as bonus shares for fiscal year 2017. KGL Logistics will distribute 5-for-100 shares as a bonus for FY17, with a …

Mubasher: KGL Logistics achieved a revenue of KWD 40 million in fiscal year 2017, while its net income registered KWD 5.9 million, chairman Jaffar Mohamed Haji said, Al Qabas newspaper reported. The company’s assets increased by 5.8% to reach KWD …

Mubasher: KGL Logistics has signed an agreement with a local bank to obtain a loan valued at KWD 5.5 million. This credit facility will be allocated for financing KGL Logistics’ business profile, according to a bourse statement issued on Monday. …

Mubasher: KGL Logistics achieved an increase of 6.2% in profits during the first quarter of 2018 compared to the same period in the previous fiscal year. Earnings grew to KWD 2.07 million ($6.88 million) in Q1-18 from KWD 1.95 million ($6.48 …

Mubasher: KGL Logistics reported a drop of 79.4% year-on-year in profits for the fourth quarter of 2017. Profits declined to KWD 70,000 ($234,230) in Q4-17, down from KWD 340,000 ($1.14 million) in the same quarter a year earlier, according to a …