Financially troubled Saudi Arabian construction company Mohammad Al Mojil Group (MMG) 1310.SE plans to start legal action to collect dues and claims worth more than 400 million riyals ($107 million), it said on Sunday.
The company said it would take legal action against the Saudi unit of Britain's Petrofac (PFC.L: Quote), Saudi Binladin Group, and South Korea's SK Engineering and Construction SKEC.UL, an affiliate of SK Holdings (003600.KS: Quote).
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".
Saudi's Mohammad Al Mojil to sue for over $100 million | Business | Reuters
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