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Binladin Group Receives Multi-Billion Dollar Government Loans

The money will be used to prioritize work on projects deemed key to the government, as well as to pay staff and creditors. April 21, 2018: Saudi Arabia’s finance ministry has provided Saudi Binladin Group (SBG) with loans of around 11 billion riyals ($2.9 billion) to help turn around the fortunes of the construction giant, report Reuters citing people familiar with the matter. The money will be used to prioritize work on projects deemed key to the government, as well as to pay staff and creditors, the people said, withRead More