corporate

AZRB's share price jumps 22pc on RM316mil Istana Abu Bakar job win

KUALA LUMPUR: Ahmad Zaki Resources Bhd's share price jumped as much as 22 per cent on news that it bagged a RM316 million job to upgrade Pahang's Istana Abu Bakar.

The company's share price closed midday almost 14 per cent higher at 25 sen a share.

It was one of the most actively traded counters with some 67.1 million shares changing hands.

AZRB yesterday announced that it has bagged a RM315.9 million job to upgrade Istana Abu Bakar in Pahang from the Public Works Department.

The contract will run for 30 months from April 1, 2024.

 

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