Saudi Binladin Group

Saudi Binladin Group
مجموعة بن لادن السعودية
Company typePrivate conglomerate, holding company
IndustryConstruction
Founded1931; 93 years ago (1931)
FounderMuhammad bin Ladin
Headquarters,
Key people
Muhannad Al-Azzawi Chairman
OwnerIstidama Holding (36.22%)
Bin Laden family (63.78% through the Binladin Company for Development and Commercial Investment)[1]
Websitewww.sbg.com.sa

Saudi Binladin Group (SBG; Arabic: مجموعة بن لادن السعودية, romanizedMajmūʿat bin Lādin al-Suʿūdiyya), known as Binladin Group Global Holding Company since 2019,[1] is a multinational construction conglomerate headquartered in Jeddah, Saudi Arabia. In 2011, the Saudi Binladin Group signed a US$1.23 billion contractual agreement to construct the tallest building in the world, Jeddah Tower in Jeddah. They are also party to a US$3.4 billion agreement to construct the Doha Metro located in Doha.[2] The conglomerate comprises an estimated 537 companies.[3] The group's founder was business magnate Muhammad bin Ladin.

  1. ^ a b Kalin, Stephen (19 March 2019). "Exclusive: Saudi Arabia curbs family influence in Binladin group shake-up". Reuters.
  2. ^ Fattah, Zainab (2 August 2011). "Alwaleed Hires Saudi Binladin to Build World's Tallest Tower". Bloomberg Business.
  3. ^ Cite error: The named reference reuters was invoked but never defined (see the help page).