By Mohammed Abu Meleeh
Riyadh-Mubasher: Abdullah Abdul Mohsen Al Khodari Sons stated that the value of its under-construction projects reached SAR 3.91 billion in 2015, compared with SAR 4.37 billion in 2014 and SAR 3.68 billion in 2013.
The building segment dominates the largest value of under-construction projects (SAR 2.2 billion), followed by environment services (SAR 795 million), industrial infrastructure (SAR 383 million), water and energy (SAR 177 million), operation and maintenance (SAR 144 million) and roads and railways (SAR 185 million), according to the board's report for 2015.
The company was awarded projects worth SAR 1.4 billion last year.
Al Khodari confirmed that it continues to implement its expansions in the railways and civil construction operations for the railway projects.
In addition, the company seeks to participate in the railway projects planned to be launched in Saudi Arabia.
Net earnings for the fourth quarter of 2015 reached SAR 1.03 million, compared with SAR 45.6 million in the year-ago period.
Full-year net profits dropped 67.76% year-on-year from SAR 103.9 million to SAR 33.5 million.
Translated by Abdul Maguid Aboshahla
