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Saudi builder Nesma, Almoayyed Contracting set up new JVNesma United Industries (NUI), a major player in the Saudi industrial and construction sectors, has joined forces with Bahrain-based Almoayyed Contracting to set up a new venture, Nesma Almoayyed, that aims to deliver quality projects in the r More… |
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Saudi builder Al Khodari eyes $122m capital hikeSaudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it aims to increase its capital by up to SR458 million ($122 million) to settle the amounts payable to the company vendors and its major shareholder Abdullah A M Al K More… |
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Saudi regulator forms panel to oversee builder MojilSaudi Arabia's securities regulator said it would form a committee to oversee Mohammad Al Mojil Group (MMG) after the Saudi Arabian construction firm's board resigned when three people involved with the business were found guilty of frau More… |
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Embattled Saudi builder Mojil to remain operationalEmbattled Saudi Arabian builder Mohammad Al Mojil Group (MMG) will continue operating despite the resignation of its board after three people involved with the company were found guilty of fraud, said its acting chief executive. I More… |
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Saudi builder Binladin cuts 77,000 jobsMajor Saudi Arabian construction company Saudi Binladin Group has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals, a local newspaper reported on Monday. Binladin has issued 77,000 f More… |
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Saudi builder Khodari delays capital hike planSaudi Arabia's Abdullah Abdul Mohsin Al Khodari Sons has withdrawn its application with the Capital Market Authority for a capital increase due to current market conditions, it said in a statement on Monday. The builder in Nov More… |
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Saudi builder Binladin to cut about 15,000 jobsConstruction company Saudi Binladin Group plans to cut about 15,000 staff, people with knowledge of the matter told Reuters, in a sign of the pressure on the industry as the Saudi government trims spending in response to low oil prices. More… |
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Saudi builder delays submitting rights issue proposalSaudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons said on Sunday its proposal for a capital increase would be submitted to the market regulator during July, a month later than originally outlined. The company didn't More… |
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Saudi builder delays submitting rights issue proposalSaudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons said on Sunday its proposal for a capital increase would be submitted to the market regulator during July, a month later than originally outlined. The company didn't More… |
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Saudi builder Al Khodari eyes government compensationMajor Saudi Arabian construction firm Abdullah A M Al Khodari Sons expects the government to compensate it for some of the costs of labour reforms, a senior executive said, in a sign authorities aim to cushion the economic impact of the reforms. More… |
