AL-KHODARI SIGNS PHASE 5 OF DAWADMI SEWAGE NETWORKS CONTRACT WORTH SAR 109.6 MILLION

With reference to the earlier announcement of 04/05/2013 Abdullah A. M. Al-Khodari Sons Company announces completion of the signing of the contract with the Ministry of Water & Electricity (General Directorate of Water in Riyadh) for construction of sewage networks in Dawadmi (phase 5) in 48 Hijri months from the date of site handing over, valued at SAR 109,596,894 (One Hundred Nine Million Five Hundred Ninety Six Thousand Eight Hundred Ninety Four Riyals) as per the contract copy which was received by the company on 16/07/2013 after being signed by his excellency the Minister of Water and Electricity. The financial impact of this project is expected to start in the third quarter of the financial year 2013