Saudi finance ministry\u2019s stake in Binladin Group to rise above 86% \u2013 report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Holding in the kingdom’s largest construction firm increased as government seeks to stabilise a company...<\/p>\n","protected":false},"author":1,"featured_media":168445,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-168444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/12\/construction-cranes-1000x667-1.jpg?fit=1000%2C667&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-HOQ","jetpack-related-posts":[{"id":11822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-binladin-says-dismissed-77000-expatriate-workers-received-full-compensation\/","url_meta":{"origin":168444,"position":0},"title":"Saudi Binladin says dismissed 77,000 expatriate workers received 'full compensation'","date":"May 2, 2016","format":false,"excerpt":"\r The Saudi Binladin Group said dismissed workers received \"full compensation,\" responding to local media reports that it fired thousands without pay. It described the job cuts as a routine measure amid a slowdown in the construction industry.\"Adjusting the size of our manpower is a normal routine, especially whenever projects\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-binladin-to-lay-off-another-14000-staff-bringing-total-departures-to-69000\/","url_meta":{"origin":168444,"position":1},"title":"Saudi Binladin to lay off another 14,000 staff, bringing total departures to 69,000","date":"May 12, 2016","format":false,"excerpt":"\r Saudi Binladin Group has confirmed that it is working on processing final payments for about 14,000 workers that will allow them to leave the company within the next month, following on from the recent departure of about 55,000 staff.The company, which had employed more than 200,000 staff before its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-still-in-the-red-but-losses-reduced-by-74-per-cent\/","url_meta":{"origin":168444,"position":2},"title":"Arabtec still in the red but losses reduced by 74 per cent","date":"August 14, 2016","format":false,"excerpt":"\r The Dubai contractor Arabtec posted its seventh successive quarterly loss for the three months to June 30, although an increase in revenue has meant the scale of its losses narrowed.The company posted a net loss attributable to its parent company of Dh186.4 million \u2014 a 74 per cent reduction\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28519,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-binladins-cash-flow-crisis-starts-to-ease\/","url_meta":{"origin":168444,"position":3},"title":"Saudi Binladin's cash flow crisis starts to ease","date":"October 4, 2016","format":false,"excerpt":"\r The cash flow crisis that has engulfed Saudi Arabia's biggest builder, Saudi Binladin Group, has started to ease with much-needed payments from the kingdom's finance ministry filtering through. The Wall Street Journal had reported that payments of between US$800 million (Dh2.9 billion) to $1.1bn had been made to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jeddah-tower-going-ahead-after-saudi-corruption-purge\/","url_meta":{"origin":168444,"position":4},"title":"Jeddah Tower going ahead after Saudi corruption purge","date":"February 8, 2018","format":false,"excerpt":"\r Binladin remains main contractor despite financial pressures\r \r Source : arabianbusiness.com\r Read more...Jeddah Tower going ahead after Saudi corruption purge","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-builder-denies-govt-takeover-after-chairman-detained\/","url_meta":{"origin":168444,"position":5},"title":"Saudi builder denies gov't takeover after chairman detained","date":"January 13, 2018","format":false,"excerpt":"\r Denial comes after International media reported the government had taken over the Saudi Binladin Group\r \r Source : arabianbusiness.com\r Read more...Saudi builder denies gov't takeover after chairman detained","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/168444"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=168444"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/168444\/revisions"}],"predecessor-version":[{"id":168446,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/168444\/revisions\/168446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/168445"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=168444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=168444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=168444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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