20 Jul 2016
(MENAFN) Binladin Group, Saudi’s biggest construction firm, seems to have pulled back from the edge of a financial crisis that threatened damaging the wider economy.
In detail, SBG was hard hit last year amid low oil prices that forced the kingdom to postpone or even stop projects and delay payments, a local source said.
Binladin was then barred from receiving new state contracts after one of its cranes fell into Makkah’s Grand Mosque during a storm, killing nearly 110 people.
Moreover, the troubled company was facing harsh cash squeeze and it has been forced to stop work at a string of projects and lay off thousands of staff.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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