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…
Saudi Binladin Group
RIYADH: A Saudi appeals court has ordered about a dozen people accused of negligence in a deadly 2015 crane collapse at Islam's holiest site to stand trial again, newspapers reported on Wednesday. By a vote of five to two, the appeals judges overturned the Makkah criminal court's decision that it had no jurisdiction over allegations of "safety breaches", the Okaz and Saudi Gazette newspapers reported. At least 109 people, including foreign pilgrims, were killed when the crane crashed into a courtyard of Makkah's Grand…
RIYADH: Saudi Binladin Group has asked for an extension on an 817 million riyal ($217.8 million) Islamic loan that matured last week and which was being used to fund construction on the kingdom's Grand Mosque site, sources aware of the matter said.