Al-Khodari Holding won’t sell full stake in Saudi contractor, says CEO

11/05/2017 Argaam

Al-Khodari Sons Investment Holding does not plan to divest its entire 55.85 percent stake in Abdullah A. M. Al-Khodari Sons Co., the contractor’s chief executive Fawaz Al-Khodari told Al-Arabiya TV on Thursday.

 

“It is more related to a restructuring of Al-Khodari Investment Holding”, he added.

 

No information has been disclosed yet about the method or timing of the stake sale, as the decision will be taken by the company’s shareholders.

 

Al-Khodari said on Thursday that Al-Khodari Sons Investment Holding was planning to sell a stake in the contractor to other shareholders or third parties, under applicable market regulations.

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