Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss
Saudi construction firm to sue to collect $107m
2 views
Skip to first unread message
sandy
Jan 21, 2013, 6:45:19 AM1/21/13
to
Indebted Saudi Arabian construction company the Mohammad Al Mojil Group (MMG) said on Sunday that it planned to start legal action to collect dues and claims worth more than 400-million riyals ($107m).
The company said it would take legal action against the Saudi unit of the UK’s Petrofac, Saudi Binladin Group, and South Korea’s SK Engineering and Construction, an affiliate of SK Holdings.
MMG, which is restructuring its operations after being hit by heavy losses and accumulated debt, said in a bourse statement that the legal action was coming after "all available solutions and options were exhausted".
Officials at Saudi Binladin and the Saudi operations of Petrofac and SK Engineering were not immediately available to comment.
The company said it would take legal action against the Saudi unit of the UK’s Petrofac, Saudi Binladin Group, and South Korea’s SK Engineering and Construction, an affiliate of SK Holdings.
MMG, which is restructuring its operations after being hit by heavy losses and accumulated debt, said in a bourse statement that the legal action was coming after "all available solutions and options were exhausted".
Officials at Saudi Binladin and the Saudi operations of Petrofac and SK Engineering were not immediately available to comment.
0 new messages