Kuwaiti Al Salam’s unit bags $8.8m contract from govt

Kuwait – Mubasher: Al Salam Group Holding, which is listed on Dubai and Kuwait bourses, said Tuesday that its subsidiary Al Sari National General Trading and Contracting LLC was awarded a tender worth KWD 2.66 million ($8.8 million) in Kuwait.

The tender was signed on Sunday between the group and contract owner Kuwait’s transportation ministry.

Under the three-year tender, Al Salam arm will provide mailing services at expected revenue of KWD 399,000.

Al Salam earlier posted a 68.5% fall in H1 net profit to KWD 156,060 ($514,000).

Mubasher Contribution Time: 11-Aug-2015 08:11 (GMT)