Labor costs place pressure on Al-Khodari finances: CEO

Abdullah A. M. Al-Khodari Sons Co. is still under cost pressures due to the government’s labor force laws, especially the decision to impose related fees.

The company pays more than SAR 40 million to 22,000 workers annually, said chief executive, Fawaz Bin Abdullah Al-Khodari.

The contracting company is expected to maintain high revenues in the next years and will become more focused on the sectors of operation such as higher education, transport​,​ and housing, Al-Khodari told Al A​rabiya news channel​ in a phone call.

Al-Khodari posted on Sunday a 57 percent growth year-on-year in fiscal year 2014 net profits to SAR 101.2 million.