Binladin Group | Al Bawaba

Binladin Group latest

Thousands of Indian workers have lost their jobs due to a slowdown in Saudi economy and have returned to India. (File photo)

October 4th, 2016 - 04:18 GMT

Billion-dollar bailout: Saudi government helps Binladin Group honor unpaid salaries

The beleaguered construction giant received a handout of between $800 million to $1.1 billion so that the firm could "honour unpaid wages", according to the Wall Street Journal.

The acute shortage of liquidity forced the Binladin Group to stop work on a series of projects and relieve thousands of its employees and workers. (File photo)

September 8th, 2016 - 10:54 GMT

Binladin Group crisis: 100,000 workers remain unpaid

The finance ministry stopped reimbursing expenses for the crane 10 months earlier because it was no longer considered useful. (AFP/File)

August 18th, 2016 - 04:00 GMT

Mecca crane crash trial: Finance Ministry provides a new twist

Workers survey the aftermath of a crane that collapsed at Mecca's Grand Mosque, killing more than 100 worshippers. (AFP/File)

July 13th, 2016 - 10:30 GMT

Mecca crane collapse case goes to criminal court

Binladin is currently implementing massive projects worth a total of SR220 billion and is qualified to secure 15 projects valued at SR140 billion within the Kingdom and abroad. (File photo)

May 4th, 2016 - 10:00 GMT

Saudi's Binladin Group crisis: Is declaring banktruptcy the best option?

Saudi Arabia has sanctioned the Binladin Group and has prevented its executives from leaving the country pending the investigation's outcome. (AFP/File)

December 16th, 2015 - 08:00 GMT

Mecca crane tragedy: five found guilty, including government officials

The Binladin Group has been suspended from taking on new contracts following a crane accident at Mecca's Grand Mosque in September. (AFP/File)

November 25th, 2015 - 01:10 GMT

Saudi's Binladin Group to axe 15,000 jobs

The Binladin Group was in charge of major reconstruction in Mecca that was set to cost $27 billion, according to reports. (AFP/File)

September 16th, 2015 - 08:24 GMT