building block
Saudi Arabia takes majority stake in troubled Binladin Group
The Jeddah-based company has long been Saudi Arabia’s largest builder, responsible for major infrastructure, housing and religious projects
Maya Anwar/Bloomberg via Getty Images
Saudi Binladin is one of the biggest contractors for the construction of King Salman Park in Riyadh
Add The Circuit on GoogleSaudi Arabia’s Finance Ministry has taken a majority stake in Saudi Binladin Group, raising its interest to more than 86% as the kingdom steps in to stabilize its largest construction company after years of financial strain.
The move,...
