Kuwait-Mubasher: Al Salam Group Holding’s 69.2%-owned subsidiary, Al Sari National General Trading and Contracting, was awarded a tender submitted by Kuwait National Petroleum Company, according to a statement.
The tender is worth KWD 6.42 million ($21.3 million), with duration of 50 months.
Al Salam, which is listed in Kuwait and Dubai, noted that the financial impact will be an estimated return of 15% or KWD 963,000 ($3.2 million).
At the Kuwaiti exchange, Al Salam’s stock fell by 2.78% after two hours from starting Sunday’s session. It declined 1.17% in Dubai’s bourse as well.
