05
Apr
14:10
Saudi economic slowdown threatens construction giant's survival
Saudi Arabia’s largest publicly-listed construction company says there is “… material uncertainty” over its ability to continue as a going concern. This comes after Abdullah A. M. Al-Khodari Sons Co. posted more losses in 2017 due to the Saudi economic slowdown.
The firm’s revenue slumped -51% on-year in 2017 to SAR 519.46 million ($138.5m) owing to a decline in new project awards, payment delays that challenged contractors&rs…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous