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Kuwait & Gulf Link Says U.S. Body to Review Supply Contract Bid

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Sept. 5 (Bloomberg) -- Kuwait & Gulf Link Transport Co., a freight company, said the U.S. Defense Logistics Agency will choose the main supplier of a U.S. contract after it receives and reviews KGL’s offer, according to a statement to the Kuwait Stock Exchange today.

KGL received a letter from the U.S. body today which stated that the U.S. government started “correction measures” and that negotiations on the offer initially submitted have been reopened, Kuwait & Gulf Link said in the statement.

Link to Company News:{KGL KK <Equity> CN <GO>}

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net