Following its initial public offering (IPO) in 2010, Fawwaz Al-Khodari’s Abdullah A M Al-Khodari Sons Co (Al-Khodari) became Saudi Arabia’s largest publicly listed contractor. The firm boasts operations that extend into facilities management (FM), mechanical, engineering, and plumbing (MEP), automotive, haulage, and even travel and tourism.
Last year, the company expanded its operations within the kingdom’s FM sector, securing a $31.7m (SAR119m) contract from the Ministry of Municipal Affairs in Jazan. The deal will see the company collect, transfer, and dispose of waste from the city for a period of five years, according to Arab Stock Markets Analysis.
In 2015, the firm achieved a net profit of almost $90m (SAR33.5m), with earnings per share of $0.17 (SAR0.63).
Commenting on his firm’s strengths, Al-Khodari said: “The company’s capital assets include a large fleet of heavy and light machinery, a range of trucks of various types, and professional building equipment. Additionally, the creation of well-formulated strategies [are] executed with precision and expertise.
“With these inherent qualities, the company is staged for steady growth and prosperity,” he added.