Al Khodari says energy price hikes will raise its costs

04/01/2016 05:40 AST

Saudi Arabia's Abdullah Abdul Mohsin Al-Khodari and Sons on Sunday forecast changes to the kingdom's electricity and energy prices would raise its costs by SR44.3 million ($11.81 million) between 2016 and 2020.

The builder is the latest Riyadh-listed company to reveal the likely impact of higher prices on its operations.

Khodari forecast its operational costs would increase by SR22.1 million in 2016, SR12.4 million in 2017, SR8.5 million in 2018 and by less than SR1 million in both 2019 and 2020, according to a bourse statement.

The company's activities spans civil engineering, roads, bridges and railways, buildings and infrastructure, water & waste water treatment, oil & gas and pipelines in support of petrochemical production, city cleaning and environment , land transportation and operation & maintenance.


Saudi Gazette

News

Saudi builder Al-Khodari puts value of delayed work at SR362 million

23/11/2016

Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday that projects worth SR362.2 million ($97 million) had been delayed due to factors ranging from clients' fundi

Arab News

Al-Khodari suffers SR43.34m Q2 loss

27/07/2016

Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday it swung to a net loss in the second quarter as earnings were pressured once again by a slowdown in the Kingd

Arab News

Saudi contractor Khodari swings to Q4 loss

20/01/2016

Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari and Sons on Tuesday said it had swung to a fourth-quarter net loss as margins and revenue fell and financial charges increased.

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