National Cleaning’s unit makes lowest bid for $7.24m tender

Kuwait-Mubasher: National Cleaning said that a 75%-owned subsidiary was named the lowest bidder in a KWD 2.18 million ($7.24 million) tender, according to a bourse statement.

The tender has duration of three years, with an expected profit margin of 5%.

National Cleaning stock fell 3.7% to settle at 39 fils on Thursday, after about 200,000 shares were exchanged at nearly KWD 7,800 ($25,927).  

Mubasher Contribution Time: 03-Mar-2016 12:36 (GMT)