Kuwait’s KPA blacklists KGL Logistics on violations

Kuwait’s KPA blacklists KGL Logistics on violations
LOGISTICS LOGISTICS 0.23% 44.10 0.10
KGL KGL -0.87% 114.00 -1.00

Mubasher: Director General of Kuwait Ports Authority (KPA) Sheikh Yousef Abdullah Sabah issued a decree to blacklist KGL Logistics alongside its subsidiaries and associates.

The KPA's move was in response to the companies’ violations, which were mentioned in the decree, according to the State Audit Bureau of Kuwait’s report.

The blacklisted companies included KGL Logistics, KGL International for Ports, Warehousing and Transport (KGL IP), KGL Investment Company and Kuwait & Gulf Link Transport Co. (K.P.S.C.).

The decree prohibits KPA's dealing with the abovementioned companies. The blacklisted companies also were banned from participating in KPA's public auctions, consultancy contracts, or other activities announced by Central Agency for Public Tenders.

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Source: Mubasher