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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 More… |
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Saudi state likely to take 35pc stake in SBG: reportThe Saudi government is expected to take a 35 per cent stake in construction giant Saudi Binladin Group (SBG) as part of a financial settlement with state authorities, More… |
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Saudi Binladin seeks second extension on loanSaudi Binladin Group (SBG) has requested a second extension on a SR817 million ($217.9 million) Islamic loan being used to fund construction at the kingdom's Grand Mosque, sources aware of the matter said. The talks to delay t More… |
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CPC buys stake in Carrara marble firmA unit of Saudi Binladin Group (SBG) plans to buy a 50 per cent stake in an Italian company authorised to extract one third of the marble from the hills above the Tuscan town of Carrara in a deal worth about $60 million, reports said. More… |
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Clifford Chance advises on Binladin financingLaw firms Clifford Chance and Al-Jadaan & Partners acted as the legal adviser on the Saudi Binladin Group’s (SBG) financing for the King Abdulaziz International Airport. BNP Paribas Investment Company Saudi Arabia and GI More… |
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Saudi Binladin plans local currency sukukSaudi Binladin Group, one of the largest construction firms in the kingdom, is meeting investors over a potential local currency Islamic bond sale, two banking sources aware of the deal said on Monday. More… |
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Saudi Binladin to invest $500m in Turkey: reportPrivate 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 More… |
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Saudi Binladin wins railway projectThe Saudi Binladin Group (SBG) has won a contract from the Saudi Railways Organization (SRO) for construction work on the Haramain High Speed Rail Project. Under the contract, SBG will design and build passenger stations in Makkah and Mad More… |
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Saudi Emaar cancels $373m Binladin contractSaudi property developer Emaar Economic City said on Monday it has cancelled a 1.4 billion riyals ($373.3 million) contract which it awarded to Saudi Binladin Group (SBG) due to a drop in costs. The firm, spearheading the development of Ki More… |
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Saudi Binladin wins new KAEC dealEmaar, The Economic City (Emaar EC), the company developing King Abdullah Economic City (KAEC), has awarded a SR239 million contract to Saudi Binladin Group. The contract is for the construction of the North-South Coastal Road within KAEC. More… |
