KUALA LUMPUR (Sept 26): Shares in Widad Group Bhd, formerly known as Ideal Jacobs (Malaysia) Corp Bhd, rose 1.82% at mid-morning today after it secured a RM120.03 million contract to design and build a new solid waste transfer station in Taman Beringin, Jinjang Utara, Kepong here.

At 10.06am, Widad rose 0.5 sen to 28 sen for a market capitalisation of RM687.30 million.

Its wholly-owned Widad Builders Sdn Bhd accepted the letter of award from Bumi Segar Indah Sdn Bhd, which appoints it as sub-contractor to undertake the project.

The project will be financed via internal funds and external borrowings.