Mubasher: KGL Logistics was awarded a tender contract valued at KWD 12.026 million from Kuwait Oil Company (KOC).
This tender deal covers stevedoring services, customs clearance, as well as freight management and other services for KOC, KGL Logistics said in a bourse filing on Tuesday.
A return up to 5% of the contract’s value or KWD 602,000 is expected to be realised from this tender, yet this percentage can be modified based on market conditions and prices.
It is noteworthy that KGL Logistics on Sunday announced signing KWD 30.22 million worth of credit facilities contract with a local bank.
