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Tag Archives: Adel Al Mojil

Saudi contractor MMG’s founder, son get 5 years jail

Saudi Arabia’s market regulator fined contractor Mohammed Al Mojil Group (MMG) and sentenced two of its executives to five years in prison for breaching rules relating to accumulated losses, the firm said on Friday. The Capital Market Authority’s (CMA) Committee for the Resolution of Securities Disputes, which judges securities cases in Saudi Arabia, fined MMG SR1.6 billion ($427 million), a ...

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