Abdullah A. M. Al-Khodari Sons Company has completed the process of contract signing with the Ministry of Water & Electricity's General Directorate of Water in Madinah Region for water network maintenance in the holy city, according to Tadawul website. The contracted work, which will be executed within 36 months from the date of handing over of the site, is valued at SR 44,468,797.
The company's announcement, which follows its earlier statement on May 1, is based on the contract copy it received on Sunday, after it was signed by Minister of Water and Electricity Abdullah Al-Hussayen. The financial impact of this project is expected to start in the second quarter of the financial year 2013.
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