Friday 29 August 2014
 
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SBG

CPC buys stake in Carrara marble firm

A unit of Saudi Binladin Group (SBG) plans to buy a 50 per cent stake in an Italian company authorised to extract one third of the marble from the hills above the Tuscan town of Carrara in a deal worth about $60 million, reports said.

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Clifford Chance advises on Binladin financing

Law firms Clifford Chance and Al-Jadaan & Partners acted as the legal adviser on the Saudi Binladin Group’s (SBG) financing for the King Abdulaziz International Airport. BNP Paribas Investment Company Saudi Arabia and GI

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Saudi Binladin plans local currency sukuk

Saudi Binladin Group, one of the largest construction firms in the kingdom, is meeting investors over a potential local currency Islamic bond sale, two banking sources aware of the deal said on Monday.

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Saudi Binladin to invest $500m in Turkey: report

Private contractor Saudi Binladin Group (SBG) is planning to invest $500 million in a housing project in Turkey, the Turkish Star newspaper reported on Wednesday.      Analysts have suggested that increasing flows

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Saudi Binladin wins railway project

The Saudi Binladin Group (SBG) has won a contract from the Saudi Railways Organization (SRO) for construction work on the Haramain High Speed Rail Project. Under the contract, SBG will design and build passenger stations in Makkah and Mad

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Saudi Emaar cancels $373m Binladin contract

Saudi property developer Emaar Economic City said on Monday it has cancelled a 1.4 billion riyals ($373.3 million) contract which it awarded to Saudi Binladin Group (SBG) due to a drop in costs. The firm, spearheading the development of Ki

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Saudi Binladin wins new KAEC deal

Emaar, The Economic City (Emaar EC), the company developing King Abdullah Economic City (KAEC), has awarded a SR239 million contract to Saudi Binladin Group. The contract is for the construction of the North-South Coastal Road within KAEC.

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Saudi Binladin wins $854m finance

Lead arrangers Gulf International Bank (GIB), Arab Bank, Calyon Credit Agricole CIB and Emirates Bank International (Riyadh Branch) have arranged an SR3.2 billion ($854.5 million) Islamic contracting facility for the Saudi Binladin Group (SBG).

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SBG gets excellence award

The Tyres, Batteries and Allied Products Division (TEA) of the Saud Bahwan Group (SBG) has received The Yokohama Excellence Award. The award is in recognition of the group’s outstanding efforts in propelling Yokohama to a dominant position

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$3bn Jazan aluminium smelter deal signed

MMC International Holdings and Saudi Binladin Group (SBG) today signed an agreement with Aluminum Corporation of China Limited (Chalco) to develop, own and operate an aluminium smelter at Jazan Economic City (JEC). The project will cost $3 billion

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