The board of directors examines the best ways to get society out of the conditions in which it finds itself.

Fawaz Al-Khudari, CEO of the company Abdullah Al-Khodari Sons, said his board of directors is studying the best ways to remove society from current conditions and take advantage of future opportunities.

In a call to Al Arabiya television, he explained that the options available to the company are numerous and that they will be coordinated with a financial advisor to prepare the future plan.

"If the General Assembly had approved this decision, the situation would have been different now," he said.

He pointed out that over the past three years, many companies have disappeared from the sector, indicating that the situation of companies and the persistence of their markets vary according to their capabilities and their financial solvency.

He pointed out that one of the reasons for the increased losses for the company was the Expatriates Expatriate Financial Expenses and Compensation Program, which cost the company 150 million riyals, and resettlement programs, which cost about 200 million riyals to society.

He added that the company had reviewed the 50 existing projects over the last four months and had reassessed the costs and the degree of achievement achieved in order to reactivate it as quickly as necessary after the resumption of work.

He explained that after updating the costs and obtaining the prices, these costs were charged to the additional costs prior to the abandoned projects, which resulted in the price of 39 projects examined and attributed this increase to fourth quarter results.

He pointed out that the company had reduced its costs to reduce the impact of the suspension of projects in recent years, but not at the same rate of spending, which had resulted in increased costs in the current form.

He said that some committees of government agencies are currently serious to stimulate the private sector and we hope to have some of these catalysts.

According to data available on "Numbers"Abdulla Mohsen Al Khodari Sons Company announced that its cumulative losses amounted to 198.52% of the share capital on February 12, 2019. The board of directors of the company was informed that the accumulated losses occurred. amounted to 1.11 billion rupees.