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Makkah crane crash: 40 to face action over negligenceThe Saudi investigative authorities are set to take action against 40 people for negligence over last year's crane crash in Makkah that left more than 100 people dead and scores injured, said a report. The files of the accused More… |
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Saudi Binladin Group wins $3.5bn contractSaudi 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 More… |
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Saudi Binladin Group prices $347m Islamic bondSaudi Binladin Group, one of the largest construction firms in the kingdom, has priced a 1.3 billion riyal ($346.7 million) Islamic bond, two sources said on Wednesday. The deal is the latest in More… |
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Saudi Binladin plans sukuk saleSaudi 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. More… |
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KAEC Beach Towers ready for handoverKing 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 More… |
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Saudi Binladin's CPC unit 'eyes IPO'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. 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 sukuk draws $800 millionSaudi 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 pr More… |
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Saudi BinLadin repays $186m Islamic bondThe 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 More… |
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Arabtec unit wins $1.3bn Saudi housing projectUAE-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 More… |
