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English news

11-Feb-2016

Al-Khodari to adopt diversifying strategy

Abdullah A.?M. Al-Khodari & Sons (Al-Khodari) said it would adopt a diversifying strategy to weather the current challenging environment. The strategy is three-pillared: i) to include non-government work; ii) venturing into complementary areas, such as alternative energy, facilities management and building capability to take part in the construction of PPP or IWPP projects; and iii) venturing into new markets, including other GCC countries and a number of African countries, including Egypt. This is according to Kailash Sadangi, company CFO. (Argaam)   Abdullah A. M. Al-Khodari Sons Company: SAR10.06 as of 10 February 2016, Rating: Neutral, FV: SAR10.90 per share, MCap: USD143 million, ALKHODAR AB / 1330.SE

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