Beleaguered construction contractor Saudi Oger may have little option but to file for bankruptcy, according to reports in Saudi Arabia.
The Riyadh-based firm has been hard hit by the construction slump in the kingdom following the fall in oil prices over the past two years.
Various reports say the company owes as much as $800mn to its workers, suppliers, lenders and sub-contractors.
The Saudi Gazette on Monday cited sources as saying the only way out of its financial crisis is to declare for bankruptcy.
Saudi Arabias King Salman issued a series of directives this week requiring companies to resolve all cases of unpaid salaries.
More than 30,000 Saudi Oger employees lodged official complaints with the Labour Office over non-payment of wages last week, Arab News reported.
Around 200 French employees at the company who have not been paid for nine months have filed suits against the company in French courts, French media reported.