Saudi Gazette - MMG maintains promising strides in restructuring:
"Mohammed Al-Mojil Group (MMG), one of the largest Saudi construction service providers, held its general assembly meeting on Wednesday at its head office in Dammam during which it approved the management and auditor’s report, financial results for the year ending Dec. 31 last year, appointed a new auditor for the current fiscal year, granted clearance to board members and appointed new board members for its current session.
“The restructuring plan, which we adopted during the extraordinary general meeting held on November 5, 2012, is moving at a steady pace and in line with our expectations, and is likely to produce further promising results within the forthcoming quarters, allowing MMG to regain its previous position as one of the leading Saudi construction services providers in the Eastern Region and the Kingdom of Saudi Arabia,” said Adel Al-Mojil, MMG Board Chairman.
“We all know that restructuring companies takes time and patience, but in our case, we could, in an 18-month period, achieve positive financial results that will prove the success of our restructuring plan.” "
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