Thursday 17 April 2014
 
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Saudi Binladin Group

Saudi Binladin Group wins $3.5bn contract

Saudi Binladin Group has won a major contract worth $3.5 billion to build 12 towers for a mixed use development project in Makkah, said a report. The Abraj Kudai Mixed-Use Development will come up on a 64,000 sq m plot at Manafia

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Saudi Binladin Group prices $347m Islamic bond

  Saudi Binladin Group, one of the largest construction firms in the kingdom, has priced a 1.3 billion riyal ($346.7 million) Islamic bond, two sources said on Wednesday.   The deal is the latest in

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Saudi Binladin plans sukuk sale

  Saudi Binladin Group, one of the largest construction firms in the kingdom, is currently meeting fixed income investors as it plans to issue a new local currency Islamic bond, or sukuk, sources aware of the matter told Reuters.

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KAEC Beach Towers ready for handover

King Abdullah Economic City (KAEC) has announced the completion of 232 residential units at the Beach 1 and Beach 2 Towers at the Bay La Sun Village in co-ordination with developers Saudi Binladin Group (SBG). At a special ceremony held at

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Saudi Binladin's CPC unit 'eyes IPO'

Construction Products Holding Co (CPC), Saudi Arabia's largest manufacturer of building materials and a unit of Binladin Group, is planning an initial public offering (IPO) and will soon mandate banks for the potential share sale, sources said.

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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 sukuk draws $800 million

Saudi Binladin Group (SBG) has successfully closed its second short-term sukuk, attracting more than SR3 billion ($800 million) of orders for a SR1 billion issue. Books were opened on July 16 and closed in the same day. The pr

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Saudi BinLadin repays $186m Islamic bond

The Saudi BinLadin Group, one of the leading contractors in the region, said it has repaid its short term SR700 million ($186.6 million) Islamic bond in full at maturity on April 12. The sukuk, settled through Tadawul, was originally issue

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Arabtec unit wins $1.3bn Saudi housing project

UAE-based construction firm Arabtec Holding said on Monday it received a SR5 billion ($1.33 billion) order for a two-year housing project in Saudi Arabia. Arabtec Saudi Arabia received a letter of intent from Saudi Binladin Group to build

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Saudi Binladin raises $187m in bond issue

Private contractor Saudi Binladin Group has raised SR700 million ($187 million) from the kingdom's first short-term Islamic bond, opening a new window for credit-hungry firms amid tight lending conditions. In a statement yesterday, the

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