Kuwait's Combined Group for Contracting said on Monday it had won deals worth almost 43 million dinars ($152.5 million) from government institutions.

The firm said it won a 36-month pipeline project contract worth 39.9 million from state-run Kuwait Oil Co, according to a statement on the bourse website.

Separately, the firm said it had won a deal worth 2.85 million dinars from Kuwait's National Guards.

The company's stock was down 5.6 percent by 0711 GMT.-Reuters