Saturday 10 December 2016
 
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Saudi Binladin

Saudi Binladin 'starts getting government dues'

The Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom's biggest construction firm, for its work on government projects, the Saudi Okaz newspaper reported on Thursday, citing an adviser to the cha

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Saudi Binladin pulls back from brink of financial crisis

Saudi Binladin Group, the kingdom's biggest construction conglomerate, appears to have pulled back from the brink of a financial crisis that risked damaging the wider economy, said experts. SBG was hard hit last year as low oi

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Saudi Binladin seeks $218m Islamic loan extension

Saudi Binladin Group has asked for an extension on an 817 million riyal ($217.8 million) Islamic loan that matured last week and which was being used to fund construction on the kingdom's Grand Mosque site, sources aware of the matter said.

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Saudi Binladin makes delayed payment on $266m sukuk

Contracting giant Saudi Binladin Group (SBG) has repaid a SR1 billion ($266.7 million) Islamic bond that matured in late June, a sign of modestly easing pressure on the embattled firm, banking sources told Reuters on Thursday. The

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Saudi Binladin wins Maldives airport terminal contract

Construction firm Saudi Binladin Group (SBG) has secured a contract to construct a new passenger terminal at the Maldives international airport which is being built at a cost of $800 million, the Maldives government said. SBG will

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Saudi Binladin wins Maldives airport terminal contract

Construction firm Saudi Binladin Group (SBG) has secured a contract to construct a new passenger terminal at the Maldives international airport which is being built at a cost of $800 million, the Maldives government said. SBG will

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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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