Saudi Binladin Group
Saudi Binladin group offices, Dubai, United Arab Emirates.
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| Private conglomerate, holding company, Subsidiary | |
| Industry | Construction |
| Founded | 1931 |
| Founder | Sheikh Mohammed bin Laden |
| Headquarters | Jeddah, Saudi Arabia |
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Key people
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Bakr bin Laden, Chairman |
| Website | www |
Saudi Binladin Group (SBG; Arabic: مجموعة بن لادن السعودية Maǧmūʿat Bin Lādin al-Saʿūdiyyah) is a multinational construction conglomerate and is headquartered in Jeddah, Saudi Arabia. Saudi Binladin Group recently signed a US$1.23 billion contract to construct the tallest building in the world, Jeddah Tower in Jeddah and US$3.4 billion to construct Doha Metro in Doha.
The SBG was founded in 1931 by Sheikh Mohammed bin Laden Sayyid (father of deceased terrorist Osama bin Laden) whose relationship with the country's founder, Abdel Aziz al Saud, led to important government contracts such as refurbishing the mosques at Mecca and Medina.
In 1964, Mohammed bin Laden was commissioned to work on the third Holy sanctuary of Islam, recladding the Dome of the Rock in Jerusalem. 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 bin Laden, the eldest son of Mohammed bin Laden, 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, the current chairman, along with thirteen other brothers who make up the board of the bin Laden group, the most important of these being Hassan, Yeslam and Yehia. By 2002, the company had 35,000 employees worldwide.
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Wikipedia