Saudi Arabian builder Abdullah Abdul Mohsin Al Khodari and Sons said on Sunday it had signed a contract worth SR313.2 million ($83.5 million) with the Ministry of Health for the construction of a hospital in the kingdom.

The company also signed a SR34.9-million ($9.3 million) contract with the Higher Education Ministry for the development of the second phase of the Support Deanship Building at Taibah University.  

The shares in the Saudi builder jumped 3.1 per cent to SR31.30 ($8.34) on the news of the project wins.-Reuters