Mubasher: National Cleaning Company said that two of its subsidiaries were awarded two tenders at a total value of KWD 2.33 million ($7.70 million), according to a bourse filing issued on Sunday.

The first tender, which is worth KWD 1.29 million, was awarded to a 75%-owned subsidiary with a two-year duration period.

Meanwhile, the other two-year tender contract was awarded to a 100%-owned subsidiary, at a total value of KWD 1.04 million.

An average gain of 2% is expected to be realised from the tenders, the statement added.

At the stock level, National Cleaning closed Sunday’s session 6% lower at 47 fils.