Al Khodari Sons (Al-Khodari) has announced the renewal of a SAR373mn credit facility with a local bank. According to the release, the proceeds of the loan will be used to fund working capital requirements for general purposes as well as of specific projects. Al Khodari has also announced the renewal of a SAR252mn facility with another bank, which will be used to fund capex and working capital requirements.
Abdullah A. M. Al-Khodari Sons Company: SAR12.46 as of 28 Mar. 2017, Rating: Sell, TP: SAR7.08/share, MCap: USD185mn, ALKHODAR AB/1330.SE