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FINANCIAL NEWS
Saudi Binladin survives financial crisis
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.
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05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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