Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons signed on Thursday four contracts worth SAR 50.87 million ($13.6 million).
Two contracts were signed with Saudi real estate development firm to supply it with second-hand equipment at a value of SAR 50.467 million, Fawaz Al-Khodari, Ali Al-Khodari and Jamil Al-Khodari own stakes in the second party company.
The company inked two deals worth SAR 373,100 with Al-Khodari Heavy Industries (KHI) to provide it with steel and water tanks for the company’s projects.
Chief executive Fawaz Al-Khodari, Ali Al-Khodari and Jamil Al-Khodari also own stakes in KHI.
The Saudi-listed company noted that it is expected that the financial impact of the contracts would appear in the fourth quarter of 2016.
