Al-Khodary signs SAR 52.1 million contract with municipal ministry

02/04/2014 Argaam

Abdullah Al-Khodari Sons Company (Al-Khodari) signed a SAR 52.1 million contract with Saudi ministry of municipal affairs to implement projects including networks for discharging rainwater and digging and dredging the course of Wadi As Sulay (second phase).

The contract is valid for 540 days of the date of handover of work sites, said the company in a filing on Tadawul, expecting a financial impact in the second quarter of 2014.

Al-Khodari was awarded the project in September 2013.

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