Al Khodari, Saudi Kier End Cooperation on Ras Al Khair Projects

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR), a Saudi Arabian contractor, said it terminated two initial agreements with Saudi Kier Construction Ltd to compete jointly for projects at Ras Al Khair on the Persian Gulf.

The canceled agreements have no impact on Al-Khodari’s earnings, the Khobar, Saudi Arabia-based company said in a statement to the Saudi bourse website.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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