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Combined Group’s unit in UAE offers lowest bids in AED 129m tender

Combined Group’s unit in UAE offers lowest bids in AED 129m tender
Combined Group closed Sunday’s session 5% lower at 360 fils
CGC
CGC
-1.78% 441.00 -8.00

Mubasher: Combined Group Contracting announced that its subsidiary in the UAE, Combined Group Contracting Emirates, has offered the lowest bids in a tender by Abu Dhabi General Services (Musanada).

The tender is valued at AED 129.134 million or KWD 1 million ($32.25 million), with a duration of 549 days, according to a bourse disclosure on Sunday.

Combined Group noted that it has not yet received an official letter of award regarding this tender.

At the stock level, Combined Group closed Sunday’s session 5% lower at 360 fils.