Bakr bin Laden

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Bakr bin Mohammed bin Awad bin Laden
Native name بكر بن محمد بن عوض بن لادن
Born 1946
Mecca, Saudi Arabia
Citizenship Saudi Arabia
Known for Chairman of Saudi Binladin Group
Parent(s)

Bakr bin Laden (born in 1946 in Mecca, Saudi Arabia) (Arabic:بكر بن محمد بن عوض بن لادن) is the chairman of the Jeddah-based Saudi Binladin Group and the largest shareholder in the Group, with a 23.58% holding,[1] and, according to some, was the "true ruler of Jeddah".[2] He is also a half-brother of Osama bin Laden.

Career[edit]

Despite the region’s small construction sector, he has managed to expand the business. In March,[year needed] the firm joined together with Qatari Diar to launch a joint venture holding company, which is expected to have a massive capital base. The new venture will have two umbrella firms, one of which will carry out mega contracting and construction works in Qatar and the rest of the world. It is also currently working on a $994.6m contract to design and build 30 parcels in King Abdullah Financial District, Saudi Arabia.[3]

In April 2018, Bakr transferred his stake in the Saudi Binladin Group to the government of Saudi Arabia.[4]

Arrest[edit]

On 4 November 2017, Bakr bin Laden was arrested in Saudi Arabia in a "corruption crackdown" conducted by a new royal anti-corruption committee.[5][6][7][8][9][10][11][12] This was done on authority of Crown Prince Mohammad bin Salman. Bakr was initially detained at The Ritz-Carlton, Riyadh.[4] As of October 2018 Bakr remains in detention, though not in the Ritz-Carlton, but in a publicly-unknown location.[4] The Saudi government also seized the deed to a villa owned by Bakr overlooking the Red Sea.[4]

Education[edit]

Bakr bin Laden attended college at the University of Miami in Coral Gables, Florida, United States in 1979.[citation needed]

See also[edit]

References[edit]

  1. ^ "Saudi Binladin Group". Zawya.
  2. ^ https://www.facebook.com/MiddleEastEye/videos/1540472656018117/
  3. ^ "Arabian Business".
  4. ^ a b c d Paul, Katie; Arnold, Tom; Ashad, Marwa; Kalin, Stephen (September 27, 2018). McBride, Janet; Woods, Richard, eds. "Special Report: As a Saudi prince rose, the Bin Laden business empire crumbled". Reuters.
  5. ^ "KO SU BOGATI SAUDIJCI UHAPŠENI ZBOG KORUPCIJE? Teški su na desetine milijardi dolara, a među njima je i BRAT OSAME BIN LADENA". Blic. blic.rs. 5 November 2017. Retrieved 6 November 2017.
  6. ^ Melloy, John (6 November 2017). "There may be a 'Game of Thrones' in Saudi Arabia now and that has big implications for oil". CNBC. cnbc.com. Retrieved 6 November 2017.
  7. ^ "Saudi Arabia princes detained, ministers dismissed". www.aljazeera.com.
  8. ^ Kalin, Stephen; Paul, Katie (2017-11-05). "Future Saudi king tightens grip on power with arrests including Prince Alwaleed". Reuters. Retrieved 2017-11-07.
  9. ^ "Corruption crackdown in Saudi Arabia". Fox Business. 2017-11-06. Retrieved 2017-11-08.
  10. ^ David, Javier E. (5 November 2017). "Billionaire Saudi Prince Alwaleed Bin Talal arrested in corruption crackdown". cnbc.
  11. ^ Stancati, Margherita; Said, Summer; Farrell, Maureen (2017-11-05). "Saudi Princes, Former Ministers Arrested in Apparent Power Consolidation". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-11-08.
  12. ^ Kirkpatrick, David D. (2017-11-04). "Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal". The New York Times. ISSN 0362-4331. Retrieved 2017-11-08.

External links[edit]