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Bakr bin Laden

Saudi Binladin Group denies govt takeover after chairman detained

RIYADH: Saudi Arabia's oldest contracting firm denied Saturday it had become fully state-owned after its chairman was detained in an anti-graft crackdown, but said some shares may have been transferred to the government. International media this week reported the government had taken over the Saudi Binladin Group after chairman Bakr bin Laden was detained. The Saudi Binladin Group "would like to confirm that it remains a private sector company owned by its shareholders", it said in a statement. But some company…