Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons Company (Al Khodari) on Monday said that 10 previously-awarded government projects in different stages of work have been withdrawn.

The projects are valued at SAR 994.05 million and are affiliated to the Ministry of Education, the Ministry of Municipal and Rural Affairs, the Ministry of Environment, Water and Agriculture, and the Ministry of Health, Al Khodari said in a bourse disclosure.

Al Khodari revealed that the projects were withdrawn during the tenure of the previous board of directors and executive management and that the action was not announced at the time.

Initial losses from the projects’ withdrawal are estimated at SAR 260 million, Al Khodari said, noting that it will take all necessary measures against those who did not disclose the withdrawal.