October 24, 2016 8:17 PM ET

Construction and Engineering

Company Overview of Saudi Binladin Group Limited

Company Overview

Saudi Binladin Group Limited, through its subsidiaries, operates in infrastructure works; architecture and building construction; public buildings and airports; industrial and power projects; petroleum/chemical and mining; real estate; and operations and maintenance businesses. The company develops and constructs roads, express ways, coastal highways, bridges, underpasses, underground parking and storage facilities, and tunnels; regional and international airports and terminal buildings; holy mosques; hospitals; power generation facilities and air conditioning plants; and universities and educational institutions. Saudi Binladin Group Limited was founded in 1931 and is based in Jeddah, Saudi...

Siege Du Group

P.O. Box 8918

Jeddah,  21492

Saudi Arabia

Founded in 1931


966 6 643 033


966 6 697 221

Key Executives for Saudi Binladin Group Limited

Saudi Binladin Group Limited does not have any Key Executives recorded.

Saudi Binladin Group Limited Key Developments

Saudi Binladin Group Secures a SAR 2.5 Billion Loan from Local Banks

Saudi Binladin Group has secured a SAR 2.5 billion ($667 million) loan from local banks to ease its financial pressures. Arab National Bank and Saudi British Bank are providing the loan, which Binladin is using to cover redundancy costs for workers it is laying off, back salaries and severance costs.

Saudi Binladin Group Slashes 50,000 Jobs

Saudi Binladin Group lays off 50,000, or nearly one-quarter of its workforce, mostly Asian construction-site workers; has been struggling with strained finances of its biggest client, Saudi government, and with heavy debt burden.

Saudi Binladin Group Cuts 77,000 Jobs, to Lay off Saudis

Saudi Binladin Group has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals. Binladin has issued 77,000 final exit visas to foreign workers so that they can leave Saudi Arabia, and is expected to lay off 12,000 of 17,000 Saudis in supervisory, administrative, engineering and management jobs. While Saudi construction companies regularly cut or expand their foreign staff in response to changing demand in the industry, they rarely lay off large numbers of Saudis, partly because it is legally difficult and expensive. Binladin has been under pressure since September 2015.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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