Al Khodari Sons Gains Most Since June 14 After Signing Contracts

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR) rose the most in almost two weeks after the company signed a contract valued at 56.7 million riyals ($15 million) with Saudi Arabia’s Ministry of Water & Electricity

The shares surged 3.3 percent, the biggest intraday gain since June 14, to 71.25 riyals at 1:23 p.m. in Riyadh. The benchmark Tadawul All Share Index (SASEIDX) climbed 0.4 percent.

The company also formed a joint venture with Al-Yamama Co. for Trading & Contracting and Al-Kifah Group to bid for a government project in Riyadh and Jeddah.

To contact the reporter on this story: Alaa Shahine in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.