Kuwait-Mubasher: Al Salam Group Holding said Wednesday that its subsidiary Al Sari National General Trading and Contracting signed a tender contract worth KWD 1.65 million ($5.5 million) given by the Kuwaiti government for a project in a military hospital, as published by the Kuwaiti bourse.

 The company, which is listed in Kuwait and Dubai, noted that the contract duration is three years, with an expected 15% return.

In the Kuwaiti bourse’s early trades, Al Salam stock started advanced 4% to settle at 39 fils, after 2.4 million shares were traded with KWD 92,200 turnover.