Thursday 31 July 2014

MMG, Essar in construction services deal

Mohammed Al-Mojil Group (MMG), one of the largest Saudi construction service providers, has signed an MoU with Essar Projects (EPL), a global engineering, procurement, construction contractor to provide construction services for project developm


MMG appoints advisor for debt restructuring

Saudi contractor Mohammad Al Mojil Group (MMG) said on Monday it had appointed the investment banking arm of Gulf International Bank to advise it on a restructuring of its debts. No value of the amount of debt being restructured w


Saudi’s MMG inks $120m loan deal

Saudi construction firm Mohammad Al Mojil Group (MMG) signed a SR450 million ($120 million) loan deal to help support its balance sheet, it said in a statement on Sunday. The loan will 'support the solvency of the company and its opera


Saudi contractor MMG CEO quits

Construction firm Mohammad Al Mojil Group (MMG) said on Sunday its chief executive had resigned and it was appointing PricewaterhouseCoopers to advise it on its financial performance. The contractor said it would replace Ibrahim Zadeh wit


MMG IPO price fixed at SR70

The share price for the initial public offering (IPO) of Mohammad Al-Mojil Group (MMG) has been fixed at SR70 ($18.7) representing a par value of SR10 and a premium of SR60. The share price has been determined based on the successful closu


Mohammad Al-Mojil Group plans May IPO

Mohammad Al-Mojil Group (MMG), Saudi Arabia’s premier industrial construction and construction services company, will launch its Initial Public Offering (IPO) in May. The Saudi Capital Market Authority (CMA) has approved the company’s appl

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