Abdullah Al-Khodari to build airport in Umm Mulh, Saudi Arabia11 November 2010
Saudi Arabia-based Abdullah AM Al-Khodari Sons Company (KSC) has secured a contract worth of SAR86.3 million ($23 million) from the interior ministry to build an airport in Umm Mulh, located in the south of Saudi Arabia.
The project is scheduled to be completed within a period of two years. In October 2010, the General Civil Aviation Authority has said that it will build two new airpots in Jazan and Taif and expand a number of existing structures.
Abdulaziz al Khodari, head of the company’s roads and railways division, was reported stating that the company has since won a contracts worth a combined SAR430 million ($114.6 million) to build roads in different parts of the country.
The company has a market capitalisation of SAR2 billion ($533.3 million) and is based in the Eastern Region with a focus on civil, infrastructure and commercial projects among others.
KSC has also stated that it will issue a cash dividend for the first half of the financial year SAR1.30 ($0.34) per ordinary share amounting to SAR55.25 million ($14.7 million) which is 13% of the paid-up capital.