Riyadh-Mubasher: Falling oil prices led Abdullah Abdul Mohsen Al-Khodari Sons to re- prioritise its projects, at a time when the company plans to expand into housing programmes amid temporary downturn in other sectors, CEO Fawaz Al-Khodari told CNBC.
He added that the Tadawul-listed firm withdrew its capital increase request, due to slow activity in the real estate market especially in awarding projects and signing new contracts.
Al-Khodari posted an 8.6% rise in earnings during the first nine months of 2015, compared with 8% in the same period a year ago, the CEO noted.
