Riyadh – Mubasher: The board members of Abdullah Abdul Mohsen Al Khodari Sons said the company will conduct a strategic study for future expansions and investment plans within the public budget of Saudi Arabia in 2017.
The board will also consider recommending a capital hike to the Capital Market Authority (CMA), according to a bourse statement issued on Sunday.
Al Khodari took quite time to resubmit the capital hike request due to the challenges faced the contracting sector in 2016 in line with the geopolitical changes and lower oil prices, the statement noted.
On 28 June, the extraordinary general meeting proposed raising the capital by 5% to reach SAR 557.8 million from SAR 531.25 million.
