Al-Khodari says major shareholder plans stake sale

11/05/2017 Argaam

Abdullah A. M. Al-Khodari Sons Co. said on Thursday that its major shareholder, Al-Khodari Sons Investment Holding, is planning to sell a stake in the contractor to other shareholders or third parties, under the applicable market regulations.

 

The move comes as part of Al-Khodari Investment’s strategy to restructure its holdings in subsidiaries, the company added in a statement to Tadawul on Thursday. 

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