Bakr bin Laden
Bakr bin Mohammed bin Awad bin Laden
بكر بن محمد بن عوض بن لادن
|Known for||Chairman of Saudi Binladin Group|
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, and, according to some, was the "true ruler of Jeddah" He is the son of the family's patriarch − Mohammed bin Awad bin Laden − and a half-brother of Osama bin Laden.
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.
On 4 November 2017, Bakr bin Laden was arrested in Saudi Arabia in a "corruption crackdown" conducted by a new royal anti-corruption committee and detained without trial. This was done on authority of Crown Prince Mohammad bin Salman. Bakr was initially detained at The Ritz-Carlton, Riyadh and later hold in a publicly-unknown location. The Saudi government also seized the deed to a villa owned by Bakr overlooking the Red Sea.
In January 2019 the kingdom quietly released Bakr Bin Laden together with several other prominent detainees. Among those reportedly released were Mohammed al-Amoudi, a businessman who owns much of Ethiopia and Amr Dabbagh, a former government minister who once led the Saudi Arabian General Investment Authority, which aims to attract foreign investment. The move came amid unprecedented global pressure of the kingdom and Crown Prince Mohammed Bin Salman after the assassination of Washington Post columnist Jamal Khashoggi by Saudi agents at the country’s consulate in Istanbul.
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