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.
Saudi Binladin Group (SBG) has signed a SR8.5 billion ($2.266 billion) financing facility with a consortium of banks led by Gulf International Bank (GIB) for the expansion and development of King Abdulaziz International Airport (KAIA) in Jeddah.
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
At least two contracting groups have submitted revised prices in early September for the 1 kilometer Kingdom Tower on the outskirts of Jeddah, a report said.
The confirmed bidders are the local El Seif Engineering & Contracting with Be
HSBC Saudi Arabia was the sole lead manager and bookrunner for a SR700million ($187 million) Sukuk Al-Murabaha issued recently by the Saudi BinLadin Group (SBG), a multinational construction company.
The privately placed sukuk was offered
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.
Saudi BinLadin Group plans to invest at least $4.3 billion in Indonesia’s agriculture sector, a senior Indonesian official said on Tuesday.
Alwi Shihab, the President’s special envoy to the Middle East, told reporters that the
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).