Wednesday 25 May 2016
 
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Saudi Binladin

Saudi Binladin gets $667m loan to ease finance crunch

Construction firm Saudi Binladin Group (SBG) has secured a SR2.5-billion ($667 million) loan from local banks to ease its financial pressures, banking sources aware of the matter said on Wednesday. Arab National Bank and Saudi Bri

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10,000 Saudi Binladin workers get pay after much delay

Construction firm Saudi Binladin Group, which has been struggling to pay its workers because of financial pressures, has made delayed salary payments to 10,000 employees, a spokesman for the company said on Monday. The spokesman d

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Workers burn Saudi Binladin buses over reported layoffs

Protests over unpaid salaries and reported retrenchment of more than 50,000 foreign workers at  leading construction group Saudi Binladin took an ugly turn on Saturday when the disgruntled workers burnt company buses in Makkah, said a repor

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Saudi Binladin Group prices key Islamic bond

Saudi Binladin Group, one of the kingdom's largest construction firms, has priced an Islamic bond with a 364-day tenor worth SR1 billion ($267 million), banking sources aware of the matter said on Monday. The transaction, arra

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Saudi Binladin Group prices key Islamic bond

Saudi Binladin Group, one of the kingdom's largest construction firms, has priced an Islamic bond with a 364-day tenor worth SR1 billion ($267 million), banking sources aware of the matter said on Monday. The transaction, arra

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Saudi Binladin wins Dubai Town Square deal

UAE-based private developer Nshama said it has awarded the first phase deep services contract for the Town Square, an upcoming stylish, green project in Dubai, UAE, to Saudi-based Binladin Contracting Group. Located in New Dubai n

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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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GIB arranges $2.6bn for Saudi Binladin

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.

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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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Two submit revised bids for Kingdom Tower

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

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