Abdullah A. M. Al-Khodari Sons Co. has withdrawn from the obstetrics and gynecology hospital project in Qatif, the company said in a bourse statement.

 

The project was valued at SAR 245.4 million with a capacity of 300 beds.

 

The company also withdrew from the maternity and pediatrics hospital project in Ar Rass valued at SAR 313.17 million, with a 200 bed capacity.

 

The relevant financial impact will represent SAR 96.82 million and SAR 91.7 million in losses for both projects respectively, the statement added.

 

The projects withdrawal was driven by the company's weak cash flows and the projects' other related costs.

 

 In 2013, Al-Khodari had been awarded Qatif hospital project contract for 48 months. Meanwhile, the company bagged the other hospital project in January 2014.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request