Kuwait – Mubasher: Al Salam Group Holding said that its subsidiary, Al Sari National General Trading and Contracting, has signed KWD 1.45 million ($4.73 million) worth tender contract.

The contract has duration of three years starting from 1 January, 2017, the company said in a bourse statement issued on Sunday.

Al Salam clarified that a return of 15% is expected from this tender of which contract was signed with The Public Authority for Applied Education and Training in Kuwait.

On the stock level, Al Salam fell by 3.85% with 10.5 million shares traded by 10:20am Kuwait time on Sunday. Similarly, at DFM, AL Salam stock retreated by 1.27%.