Mubasher: Gulf Insurance Group announced that its bid was approved for the tender offered by Kuwait’s health ministry.

The bid is valued at KWD 307.8 million for the tender that covers medical insurance for pensioners in Kuwait, according to a bourse statement on Thursday.

In January, the health ministry has extended a contract worth KWD 42.36 million with Gulf Insurance, the contract matures in six months on 16 January 2019.