Latest Vacancies Abdullah AM Khodari Sons Company Jobs in Saudi Arabia

Abdullah AM Khodari Sons & Co.: Saudi’s largest publicly-quoted contractor with a market capitalization of round $570 million.

The contractor carries out 95 % of its work on authorities contracts, and within the yr to 31 December, it achieved a turnover of $400 million (SAR1.5 billion).

Earnings greater than halved to $17.2 million, which the corporate blamed on greater prices – most notably the prices of assembly Saudisation necessities, with levies of $640 (SAR2400) positioned on each ex-pat employee above a sure ratio including $6.9 million (SAR26 million) to its annual work allow invoice.

Extra not too long ago, nonetheless, Al Khodari has stated that the price of assembly these necessities was starting to fade which, coupled with an improved backlog of round $980 million – due largely to the agency securing $720 million of recent work final yr – ought to see its margins bettering.

The agency has additionally introduced plans to arrange new enterprise items dealing in telecoms and information tools, which is able to enable it to enter into the market to construct new information facilities. As well, it has introduced plans to into the nuclear and photovoltaic mission sectors earlier this month. Khodari stated that its nuclear providing would come with contractor companies, upkeep and different operations.

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