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Saturday, 13 January 2018

Bin Laden Group still a private sector company: Statement | Arab News

Bin Laden Group still a private sector company: Statement | Arab News:

"In a statement received by Arab News, the Saudi Bin Laden Group Company (SBG) has asserted that it remains a private sector company owned by its shareholders. SBG can also confirm that contracted work with the government, which remains a large part of its activities, are ongoing. This includes the projects currently operating in the two holy mosques and the Zamzam rehabilitation project, which began months ago and is expected to end before Ramadan 2018. Based on information available to the management, some of the shareholders may have agreed a settlement that involves transferring some SBG shares to the goverment of Saudi Arabia against outstanding dues."



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