April 26, 2018 10:19 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 operation 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. The company also develops and manages real estate, such as commercial buildings...

Siege Du Group

P.O. Box 8918

Jeddah,  21492

Saudi Arabia

Founded in 1931

Phone:

966 6 643 033

Fax:

966 6 697 221

Key Executives for Saudi Binladin Group Limited

Chief Financial Officer
Compensation as of Fiscal Year 2017.

Saudi Binladin Group Limited Key Developments

Saudi Government Reportedly Acquiring Stake In Saudi Binladin

The Saudi Government is reportedly in acquiring 35% stake in Saudi Binladin Group Limited. Saudi Government will acquire the stake from Chairman of Saudi Binladin, Bakr Binladin and his brothers Saleh and Saad, according to some of the sources.

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.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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