Saturday 13 February 2016
 
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Binladin

Saudi builder Binladin to cut about 15,000 jobs

Construction company Saudi Binladin Group plans to cut about 15,000 staff, people with knowledge of the matter told Reuters, in a sign of the pressure on the industry as the Saudi government trims spending in response to low oil prices.

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United Cooperative Assurance gets Makkah crane crash claim

Saudi Arabia's United Cooperative Assurance said on Sunday it had received a claim from Saudi Binladin Group over the collapse of one of the construction firm's cranes at the Grand Mosque in Makkah that killed more than 100 people.

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United Cooperative Assurance gets Makkah crane crash claim

Saudi Arabia's United Cooperative Assurance said on Sunday it had received a claim from Saudi Binladin Group over the collapse of one of the construction firm's cranes at the Grand Mosque in Makkah that killed more than 100 people.

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Binladin Group sanctions ‘won't hit current projects’

Saudi Arabia will keep making payments to Saudi Binladin Group (SBG) for ongoing work and its review of the company's current jobs after last week's Makkah crane disaster is to ensure it meets safety standards, a senior Saudi official

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Binladin Group deals 'suspended over crane crash'

Saudi Arabia suspended construction giant Saudi Binladin Group from new contracts on Tuesday following Friday's collapse of a crane in Makkah's Grand Mosque which killed 107 people. It also ordered the Finance Ministry to

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Clifford Chance advises on SBG's sukuk re-financing

Leading law firm Clifford Chance advised on Saudi Binladin Group’s (SBG) sukuk re-financing of one of the phases of the on-going construction and development of the King Abdulaziz International Airport in Jeddah, Saudi Arabia.

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Clifford Chance advises on SBG's sukuk re-financing

Leading law firm Clifford Chance advised on Saudi Binladin Group’s (SBG) sukuk re-financing of one of the phases of the on-going construction and development of the King Abdulaziz International Airport in Jeddah, Saudi Arabia.

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Saudi Binladin plans up to $265m sukuk

Saudi Binladin Group (SBG) has begun marketing a 364-day sukuk issue to local investors in the kingdom which could raise up to SR1 billion ($265 million) for the construction firm, sources aware of the matter said on Thursday. The

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Damac awards Riyadh project to Binladin unit

Dubai-based real estate developer Damac Properties has awarded the main construction contract in its Riyadh project Damac Esclusiva Luxury Serviced Apartments to Haramain Gate for Construction, a subsidiary of Binladin group. The

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Maybank, GIB arrange $2.27bn for Binladin

The investment banking arm of Malayan Banking and Bahrain's Gulf International Bank have arranged an 8.5 billion Saudi riyal ($2.27 billion) Islamic financing facility for Saudi Binladin Group Limited, the Malaysian bank said on Thursday.

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