Board of Saudi contractor Mojil quits after three sentenced

An effort to restructure debt-burdened Saudi builder Mohammad Al Mojil Group (MMG) was thrown into doubt on Monday when the firm said its board had resigned after three people involved with the company were sentenced to jail. Last week, Saudi Arabia's stock market regulator fined MMG 1.6 billion riyals ($427 million) and sentenced three people, including founder Mohammad Al-Mojil, to jail on charges of manipulation and fraud relating to the firm's initial public offer of shares. In a statement o