Thursday 28 March 2024
 
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Saudi builder

Saudi builder Al Khodari eyes $122m capital hike

Saudi 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

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Saudi regulator forms panel to oversee builder Mojil

Saudi 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

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Embattled Saudi builder Mojil to remain operational

Embattled 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

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Saudi builder Binladin cuts 77,000 jobs

Major 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

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Saudi builder Khodari delays capital hike plan

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari Sons has withdrawn its application with the Capital Market Authority for a capital increase due to current market conditions, it said in a statement on Monday.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

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Saudi builder Binladin to cut about 15,000 jobs

Construction 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.

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Saudi builder delays submitting rights issue proposal

Saudi 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

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Saudi builder delays submitting rights issue proposal

Saudi 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

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Saudi builder Al Khodari eyes government compensation

Major 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.

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Saudi builder Khodari eyes capital boost

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons said it expects to submit its proposal for a capital increase to the market regulator by the end of the second quarter of this year. The builder had announced last Novem

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