Kuwait – Mubasher: Specialities Group Holding said that its 99%-owned subsidiary Specialized Construction General Trading and Contracting Co has signed a contract for a tender offered by Kuwait Institute for Scientific Research.

The contract is worth KWD 10.75 million ($35.4 million), according to a bourse statement issued Sunday.

The company’s stock gained 4.94% to reach 85 fils by 9:35am Kuwait time on Sunday, after about 1,160 shares were traded at a value of nearly KWD 98.8.