Mubasher: Kuwait and Gulf Link Transport (KGL) announced that the company which is executing the current contract with the US army has filed an objection against the latest awarded contract to KGL’s subsidiary.
The executing company has filed the objection to the US government, according to a bourse filing on Wednesday.
In mid-January, KGL said that its subsidiary has signed a contract ranging from $689.53 million to $1.38 billion with the US army.
Early on Wednesday, KGL’s stock dropped 1.8% to reach 110 fils.
