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FINANCIAL NEWS
Saudi SBG buys 50 percent stake in Marmi di Carrara
04 Aug 2014
(MENAFN) Saudi Binladin Group (SBG), a leading Saudi construction companies, has acquired a 50 percent stake in the Italian marble manufacturer Marmi di Carrara in a deal worth USD61 million, according to Saudi Gazette.
SBG’s Saudi Marble & Granite Factory Company already has close ties with the Tuscan firm, having bought around a fifth of the company’s output last year.
Among the projects that Saudi Marble & Granite has worked on include ministry buildings and palaces in Saudi Arabia, as well as Dubai International Airport, Abu Dhabi International Airport and New Delhi Airport.
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