Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 03.06.2015
Length: 10 pages
Data source: Published sources
Share a link:
https://casecent.re/p/136598
Write a review
|
No reviews for this item
This product has not been used yet
Abstract
Trading in Mohammad Al-Mojil (MMG)'s shares was suspended in July 2012. The company did not fulfil the losses triggered mandatory reporting rules. In a related case, MMG’s auditor Deloitt & Touche was suspended by the Capital Market Authority (CMA), to be effective beginning 1 June 2015. MMG went public in 2008 after years of phenomenal growth. The company pursued an aggressive growth strategy by out-pricing competitors. However, the strategy failed miserably when additional costs eroded its profit. The company lost significance amount of money which led to constant management and board reshuffle. A number of MMG board members and executives might be prosecuted over possible violations of company laws.
Locations:
Industry:
Size:
Revenue USD192.7 Million (SAR722.6 Million) in 2014
Other setting(s):
2008-2015
About
Abstract
Trading in Mohammad Al-Mojil (MMG)'s shares was suspended in July 2012. The company did not fulfil the losses triggered mandatory reporting rules. In a related case, MMG’s auditor Deloitt & Touche was suspended by the Capital Market Authority (CMA), to be effective beginning 1 June 2015. MMG went public in 2008 after years of phenomenal growth. The company pursued an aggressive growth strategy by out-pricing competitors. However, the strategy failed miserably when additional costs eroded its profit. The company lost significance amount of money which led to constant management and board reshuffle. A number of MMG board members and executives might be prosecuted over possible violations of company laws.
Settings
Locations:
Industry:
Size:
Revenue USD192.7 Million (SAR722.6 Million) in 2014
Other setting(s):
2008-2015