Saudi Binladin Group (SBG; ), known as Binladin Group Global Holding Company since 2019, is a multinational

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

conglomerate headquartered in

Jeddah Jeddah ( ), alternatively transliterated as Jedda, Jiddah or Jidda ( ; , ), is a List of governorates of Saudi Arabia, governorate and the largest city in Mecca Province, Saudi Arabia, and the country's second largest city after Riyadh, located ...

, 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 Jeddah Tower or Burj Jeddah (, ) is a skyscraper under-construction in Jeddah, Saudi Arabia. It is planned to be the first building and would be the world's tallest building or structure upon completion, standing taller than the Burj Khali ...

. They are also party to a US$3.4 billion agreement to construct the

Doha Metro The Doha Metro (, ''Romanization of Arabic, romanized: Mitru ad-Dawha'') is a rapid transit system in the Doha Metropolitan Area of Qatar's capital city Doha, which became operational on 8 May 2019. It has three lines with an approximate overal ...

located in

Doha Doha ( ) is the capital city and main financial hub of Qatar. Located on the Persian Gulf coast in the east of the country, north of Al Wakrah and south of Al Khor (city), Al Khor and Lusail, it is home to most of the country's population. It ...

. The conglomerate comprises an estimated 537 companies. The group's founder was business magnate Muhammad bin Ladin. Muhammad bin Laden is the father of

Osama bin Laden Osama bin Laden (10 March 19572 May 2011) was a militant leader who was the founder and first general emir of al-Qaeda. Ideologically a pan-Islamist, Bin Laden participated in the Afghan ''mujahideen'' against the Soviet Union, and support ...

, who was most known for planning the

September 11 attacks The September 11 attacks, also known as 9/11, were four coordinated Islamist terrorist suicide attacks by al-Qaeda against the United States in 2001. Nineteen terrorists hijacked four commercial airliners, crashing the first two into ...

Overview

The SBG was founded in 1931 by

Sheikh Sheikh ( , , , , ''shuyūkh'' ) is an honorific title in the Arabic language, literally meaning "elder (administrative title), elder". It commonly designates a tribal chief or a Muslim ulama, scholar. Though this title generally refers to me ...

Muhammad bin Ladin. whose relationship with the country's founder, Abdulaziz Al Saud, led to important government contracts such as refurbishing the mosques at

Mecca Mecca, officially Makkah al-Mukarramah, is the capital of Mecca Province in the Hejaz region of western Saudi Arabia; it is the Holiest sites in Islam, holiest city in Islam. It is inland from Jeddah on the Red Sea, in a narrow valley above ...

and

Medina Medina, officially al-Madinah al-Munawwarah (, ), also known as Taybah () and known in pre-Islamic times as Yathrib (), is the capital of Medina Province (Saudi Arabia), Medina Province in the Hejaz region of western Kingdom of Saudi Arabia, ...

. In 1964, Muhammad bin Ladin was commissioned to reclad the

Dome of the Rock The Dome of the Rock () is an Islamic shrine at the center of the Al-Aqsa mosque compound on the Temple Mount in the Old City (Jerusalem), Old City of Jerusalem. It is the world's oldest surviving work of Islamic architecture, the List_of_the_ol ...

Jerusalem Jerusalem is a city in the Southern Levant, on a plateau in the Judaean Mountains between the Mediterranean Sea, Mediterranean and the Dead Sea. It is one of the List of oldest continuously inhabited cities, oldest cities in the world, and ...

. After the death of Sheikh Mohammed in 1967, the group was headed by Mohammed Bahareth, brother of Mohammed's first wife and uncle of his oldest children. In 1972, Salem, the eldest son of Muhammad bin Ladin, took over as his father's successor with the assistance of several brothers. Upon Salem's death in a plane crash in 1988, the leadership of the group passed to one of Salem's brothers, Bakr, along with thirteen other brothers who make up the board of the bin Ladin group. The most important of these include Hasan bin Ladin, Yeslam bin Ladin and Yehia bin Ladin. The Group considered an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

in 2011, but declined to do so due to a combination of low oil prices, a weak stock market, and bureaucratic obstacles. In April 2018, Bakr bin Laden, as well as his brothers Saleh and Saad, transferred their 36.2% stake in the Saudi Binladin Group to the Istidama Holding Company, which is owned by the

Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

. The government of Saudi Arabia subsequently established a five-person committee to run the Binladin Group, which includes of Abdul Rahman Al Harkan, Khaled Nahas, Khalid Al Khowaiter.

Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

described the ownership transfer as a functional

nationalization Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with p ...

, with al-Harkan, the committee's chairman, reporting to Finance Minister Mohammed Al-Jadaan. al-Karkan subsequently negotiated an 11 billion riyal loan from the

Current activities

The bin Ladin group is represented in most Saudi cities —

Riyadh Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. Located on the eastern bank of Wadi Hanifa, the current form of the metropolis largely emerged in th ...

Dammam Dammam (Arabic: الدمام ad-Dammām) is a city and governorate, and the capital of the Eastern Province of Saudi Arabia. Located on the coast of the Persian Gulf, it had a population of 1,386,166 as of 2022, making it the country's fifth- ...

— and in a number of major cities in the region (

Beirut Beirut ( ; ) is the Capital city, capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, just under half of Lebanon's population, which makes it the List of largest cities in the Levant region by populatio ...

Cairo Cairo ( ; , ) is the Capital city, capital and largest city of Egypt and the Cairo Governorate, being home to more than 10 million people. It is also part of the List of urban agglomerations in Africa, largest urban agglomeration in Africa, L ...

Amman Amman ( , ; , ) is the capital and the largest city of Jordan, and the country's economic, political, and cultural center. With a population of four million as of 2021, Amman is Jordan's primate city and is the largest city in the Levant ...

Dubai Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...

). According to a synopsis by the

PBS The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virginia. PBS is a publicly funded nonprofit organization and the most prominent provider of educat ...

news program '' Frontline'': *in Egypt, the SBG is headed by

Omar bin Laden Omar bin Osama bin Mohammed bin 'Awad bin Laden (, ''ʿUmar bin ʾUsāmah bin Muḥammad bin ʿAwaḍ bin Lādin''; born March 1, 1981), better known as Omar bin Laden, is a Saudi artist, author, cultural ambassador, and businessman, and fourth- ...

as Chairman, Khaled bin Laden as vice chairman, Tarek Helmy as CEO, and represents that country's largest foreign-owned private equity group, with over 40,000 employees. *in Lebanon, the SBG, represented by Yehia bin Ladin, has been holding negotiations with the local authorities for a $50 million share in the project to rebuild the Beirut Central District within the framework of the Solidere Project and in conjunction with the al Baraka Group and the bin Mahfouz Group. *in London, the SBG set up a representative firm called Binexport in November 1990. The Group has constructed Abraj Al Bait Towers in Mecca and has been contracted by

Kingdom Holding Company The Kingdom Holding Company (KHC; ) is a Saudi conglomerate holding company, based in Riyadh. The KHC is a publicly listed company on the Tadāwul (Saudi stock exchange). The KHC consists of a team of experienced investment specialists dire ...

to build the

. On 11 September 2015, while doing construction work in the Grand Mosque in Mecca, Saudi Arabia, one of the Group's cranes collapsed due to high winds causing 118 deaths and almost 400 injuries. As a result, the Saudi king banned the firm from taking new projects while having its current projects reviewed. The Saudi government removed the ban on the Binladin Group in May 2016, allowing them to bid on new projects.

Saudi Arabia projects

#Royal Terminal,

King Abdulaziz International Airport King Abdulaziz International Airport (IATA airport code, IATA: JED, ICAO airport code, ICAO: OEJN, colloquially referred to as Jeddah Airport, Jeddah International Airport, or KAIA), is a major international airport serving the cities of Jedda ...

, New Haj Terminal, Jeddah # Al Faisaliyah Center #

Madina Medina, officially al-Madinah al-Munawwarah (, ), also known as Taybah () and known in pre-Islamic times as Yathrib (), is the capital of Medina Province (Saudi Arabia), Medina Province in the Hejaz region of western Kingdom of Saudi Arabia, ...

- Qassim Expressway #Um Alqura University, Makkah #Lotus Compounds, Jeddah # Noura bint Abdul Rahman University # Abraj Al Bait Towers, Makkah #

, Jeddah # King Abdullah Economic City # Jamaraat Bridge #Saudi Arabia National Guard Housing Project # King Abdullah Financial District, Riyadh #Saudi Arabian Railways Projects CTW-100 and CTW 110 #Al Masjid Al-Haram expansion

International projects

# Blaise Diagne International Airport,

Senegal Senegal, officially the Republic of Senegal, is the westernmost country in West Africa, situated on the Atlantic Ocean coastline. It borders Mauritania to Mauritania–Senegal border, the north, Mali to Mali–Senegal border, the east, Guinea t ...

Sharjah International Airport Sharjah International Airport () is an international airport located east-southeast of Sharjah (city), Sharjah, United Arab Emirates. It is spread over an area of . It is the 3rd busiest airport in UAE, the country as well as List of the busie ...

Expansion & Development,

UAE The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as i ...

# University of Sharjah,

#Expansion of

Velana International Airport Velana International Airport (VIA), also known as Malé-Velana International Airport () is the main international airport in the Maldives. It is located on Hulhulé Island in the southern Malé Atoll (or Kaafu Atoll), nearby the capital island ...

Maldives The Maldives, officially the Republic of Maldives, and historically known as the Maldive Islands, is an Archipelagic state, archipelagic country in South Asia located in the Indian Ocean. The Maldives is southwest of Sri Lanka and India, abou ...

Kuala Lumpur International Airport Kuala Lumpur International Airport is the main international airport serving Kuala Lumpur, the capital of Malaysia. It is located in the Sepang District of Selangor, approximately south of downtown Kuala Lumpur and serves the Greater Kuala L ...

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

Website

SBG's Internet

domain name In the Internet, a domain name is a string that identifies a realm of administrative autonomy, authority, or control. Domain names are often used to identify services provided through the Internet, such as websites, email services, and more. ...

, saudi-binladin-group.com, was registered on September 11, 2000, for one year, expiring on the same day as the

. The domain was later acquired by a domain speculator.

References

External links

Saudi Binladin Group websiteSaudi Binladin Group website
in United Arab Emirates (.ae) – full version
Bin Laden Group
at

Sourcewatch The Center for Media and Democracy (CMD) is a progressive nonprofit watchdog and advocacy organization based in Madison, Wisconsin. CMD publishes ExposedbyCMD.org, SourceWatch.org, and ALECexposed.org. History CMD was founded in 1993 by prog ...

{{DEFAULTSORT:Saudi Binladin Group 1931 establishments in Saudi Arabia Construction and civil engineering companies established in 1931 Construction and civil engineering companies of Saudi Arabia Companies based in Jeddah Bin Laden family