AL-KHODARI WINS HOUSING MINISTRY CONTRACT WORTH SAR 779 MILLION

With reference to the earlier announcement of 03/02/2013, Abdullah A. M. Al-Khodari Sons Company announces completion of the signing of the contract with the Ministry of Housing for Construction of infrastructure works in Buraidah, Al Rass, Al Shammassia, Al Badaye, Al Shnan and Hail in 720 days from the date of sites handing over, valued at SAR 779,081,844 (Seven Hundred Seventy Nine million Eighty One Thousand Eight Hundred Forty Four Saudi Riyals) as per the contract copy which was received by the company on 27/03/2013 after being signed by his Excellency the Minister of Housing. The financial impact of this project is expected to start in the first quarter of the financial year 2013.