AL-KHODARI SIGNS SAR 34.9 MILLION CONTRACT WITH MINISTRY OF WATER AND ELECTRICITY

With reference to the earlier announcement of 26/11/2011, Abdullah A. M. Al-Khodari Sons Company announces completion of the signing of the contract with the Ministry of Water and Electricity for the construction of sewage networks in Afif City (Phase 2) within a period of 36 Hijri Months from the date of site handing over. The contract is valued at SAR 34,895,986 as per the contract copy which was received by the company on 08/03/2012 after being signed by his Excellency the Minister of Water and Electricity. The financial impact of this project is expected to be in the second quarter of the financial year 2012.