Saudi contractor Mohammed al-Mojil Group’s (MMG) board on Monday elected Shakhbout Al-Hanabjah as the new chairman of the board, and appointed Amjad Al-Badrah as deputy chairman, the company said in a statement to Tadawul, the Saudi bourse.
The three-year term starts on Sept. 27.
MMG has not traded on the Saudi bourse since July 2012, when the Capital Market Authority (CMA) suspended its shares over its losses after it over-extended itself trying to take advantage of a construction boom in the kingdom.
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