Kuwait-Mubasher: Palms Agro Production received an approval from Kuwait’s Central Tenders Committee regarding a KWD 2.4 million ($7.97 million) tender, the company said in a bourse filing.
The three-year contract will be effective starting from July 2016, and will generate a marginal profit ranging from 1% to 1.5% based on the market’s fluctuations.
Palms Agro stock settled at 112 fils on Thursday, after about 18,100 shares were traded with a value worth nearly KWD 2,030.
