Al Mojil’s board members to be interrogated over violation claims

08/03/2015 Argaam
A number of board members of troubled construction company Mohamed Al Mojil Group (MMG) will face interrogation over violation claims of stock market regulations, which resulted in losses and the suspension of trading on the company’s stock, Saudi Arabia’s ministry of commerce said.
 
MMG did not respond to inquiries by the ministry in violation of the company laws, the ministry said, adding that the move was part of a drive to promote corporate governance and protect investors’ rights.
 
Trading in MMG shares has been suspended since July 22, 2012, according to Argaam.

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