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Binladin seeks advisor for Makkah tower debt restructuringSaudi Arabia's biggest construction company Binladin International Holding Group is seeking an advisor to help cut costs as well as restructure the debt of a skyscraper complex in the kingdom's Makkah city, reported Reuters ci More… |
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Saudi Arabia lifts project ban on Binladin: reportThe government is allowing major builder Saudi Binladin Group (SBG) to resume bidding for state projects, Al-Watan newspaper reported on Thursday, in a decision that may ease the financial pressure on the troubled firm and banks which l More… |
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Saudi Binladin crisis will be resolved says ministerThe crisis surrounding major Saudi Arabian construction company Saudi Binladin Group (SBG), which has been struggling to pay its workers, will be resolved, Labour Minister Mufrej Al Haqbani said on Tuesday. Al Haqbani, speaking to More… |
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Saudi builder Binladin cuts 77,000 jobsMajor Saudi Arabian construction company Saudi Binladin Group has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals, a local newspaper reported on Monday. Binladin has issued 77,000 f More… |
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Saudi Binladin terminates 50,000 jobs - reportConstruction company Saudi Binladin Group has laid off 50,000 staff, a newspaper reported on Friday, as pressure on the industry rises amid government spending cuts to survive an era of cheap oil. The total workforce at Binladin, More… |
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Saudi builder Binladin to cut about 15,000 jobsConstruction company Saudi Binladin Group plans to cut about 15,000 staff, people with knowledge of the matter told Reuters, in a sign of the pressure on the industry as the Saudi government trims spending in response to low oil prices. More… |
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United Cooperative Assurance gets Makkah crane crash claimSaudi Arabia's United Cooperative Assurance said on Sunday it had received a claim from Saudi Binladin Group over the collapse of one of the construction firm's cranes at the Grand Mosque in Makkah that killed more than 100 people. More… |
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United Cooperative Assurance gets Makkah crane crash claimSaudi Arabia's United Cooperative Assurance said on Sunday it had received a claim from Saudi Binladin Group over the collapse of one of the construction firm's cranes at the Grand Mosque in Makkah that killed more than 100 people. More… |
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Binladin Group sanctions ‘won't hit current projects’Saudi Arabia will keep making payments to Saudi Binladin Group (SBG) for ongoing work and its review of the company's current jobs after last week's Makkah crane disaster is to ensure it meets safety standards, a senior Saudi official More… |
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Binladin Group deals 'suspended over crane crash'Saudi Arabia suspended construction giant Saudi Binladin Group from new contracts on Tuesday following Friday's collapse of a crane in Makkah's Grand Mosque which killed 107 people. It also ordered the Finance Ministry to More… |
