Thursday 28 July 2016
 
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Khodari

Khodari to book loss after passing up Saudi contract

Saudi Arabian contractor Abdullah Abdul Mohsin Al Khodari and Sons said it will book a multi-million-riyal loss after it received state permission to reallocate a government contract it won in 2014 to another company. Khodari, lik

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Khodari's Q1 net profit plunges 71pc

Saudi Arabian contractor Abdullah Abdul Mohsin Al Khodari and Sons reported a 70.6 per cent drop in first-quarter net profit on Tuesday as it continued to struggle amid a slowdown in the kingdom's construction sector. The comp

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Saudi contractor Khodari eyeing private projects

Saudi contractor Abdullah A M Al Khodari & Sons (Al Khodari), whose value of government contracts fell by almost half last year, is targeting more private-sector work and deals in the GCC and Africa after cutting 8,000 jobs last year,

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Khodari sees delay in Saudi university deals

A Saudi Arabian university has not signed $84 million in construction contracts agreed last year with Abdullah Al Khodari Sons Company, the builder said on Wednesday, another sign that the oil price slump has forced state spending cut-backs.

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Saudi builder Khodari delays capital hike plan

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari Sons has withdrawn its application with the Capital Market Authority for a capital increase due to current market conditions, it said in a statement on Monday. The builder in Nov

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Saudi builder Al Khodari eyes government compensation

Major Saudi Arabian construction firm Abdullah A M Al Khodari Sons expects the government to compensate it for some of the costs of labour reforms, a senior executive said, in a sign authorities aim to cushion the economic impact of the reforms.

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Saudi builder Khodari eyes capital boost

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons said it expects to submit its proposal for a capital increase to the market regulator by the end of the second quarter of this year. The builder had announced last Novem

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Saudi builder Khodari clinches hospital deal

Saudi Arabian builder Abdullah Abdul Mohsin Al Khodari and Sons said on Sunday it had signed a contract worth SR313.2 million ($83.5 million) with the Ministry of Health for the construction of a hospital in the kingdom. The compa

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Saudi builder Khodari wins $170m deal from Ma'aden unit

Saudi Arabian builder Abdullah Abdul Mohsin Al-Khodari and Sons said on Thursday it had been awarded a $170 million contract from a unit of Saudi Arabian Mining Co (Ma'aden). The contract with Ma'aden Waad Al Shamal Phosph

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Khodari wins $360m university housing deal

Saudi construction firm Abdullah Abdul Mohsin Al Khodari and Sons has won a SR1.35-billion ($359.7 million) contract from the government for the construction of staff housing at King Khaled University, it said in a statement on Thursday.

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