Saudi Arabia’s Abdullah A.M. Al-Khodari Sons Company (KSC) has announced that it is to float 30 per cent of its shares on the Saudi Arabian Stock Exchange (Tadawul).

The integrated construction and manufacturing company will offer a total of 12.75 million shares for sale between the 4 and 10 October this year. A portion of the shares will be allocated for mutual funds and authorised persons.

KSC was established in 1966 and specialises in a number of sectors such as general construction, general contracting, city cleaning, waste management, steel manufacturing, industrial services, transportation, equipment trading, industrial trading, insurance services and travel services.