Thursday 28 March 2024
 
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Saudi Binladin

Saudi Binladin Group 'faces major revamp'

Saudi Arabia's construction major Saudi Binladin Group (SBG) will be slimmed down and renamed, a Reuters report said quoting six sources familiar with the matter.   This follows the government seizing managem

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Saudi Binladin gets clean chit in Makkah crane crash

A Saudi Arabian court has cleared the Binladin Group of responsibility for the 2015 collapse of a crane in Makkah which killed 100 people, reported AFP citing the Saudi press agency. The Saudi-based Binladin construction

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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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