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
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.
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
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.
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
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 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
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
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