Al Khodari hires consultant to determine liability of previous board, management

Abdullah A.M. Al Khodari Sons Co. appointed a consultant firm to carry out investigations to determine the liability of its previous board of directors and executive management.

The company said in a bourse statement that this comes in continuation of the procedures and actions taken by the current executive management.

ny updates and developments will be announced in due course.

In December 2020, the company announced the withdrawal of 10 government projects at various execution phases, which were awarded between December 2010 and July 2013, at an aggregate value of SAR 994.047 million.

However, the projects were withdrawn between June 2017 and January 2020, during the term of the previous board of directors and executive management. They were not disclosed in accordance with the disclosure policy at the time.