Saudi Binladin Group

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Saudi Binladin Group
مجموعة بن لادن السعودية
Private conglomerate, holding company, subsidiary
Founded1931; 89 years ago (1931)
FounderALmoalim Mohamed Binladen
Key people
Bakr bin Laden, Chairman

Saudi Binladin Group (SBG; Arabic: مجموعة بن لادن السعوديةMaǧmūʿat Bin Lādin al-Saʿūdiyyah) is a multinational construction conglomerate and is headquartered in Jeddah, Saudi Arabia. In 2011, the Saudi Binladin Group signed a US$1.23 billion contractual agreement to construct the tallest building in the world, Jeddah Tower in Jeddah. They also are party to a US$3.4 billion agreement to construct the Doha Metro located at Doha.[1] The conglomerate comprises an estimated 537 companies.[2]


The SBG was founded in 1931 by Sheikh Mohammed bin Awad bin Laden Sayyid, whose relationship with the country's founder, Abdel Aziz al Saud, led to important government contracts such as refurbishing the mosques at Mecca and Medina.

In 1964, Mohammed bin Laden was commissioned, recladding the Dome of the Rock in Jerusalem.[3] After the death of Sheikh Mohammed in 1967, the group was headed by Mohammed Bahareth, brother of Mohammed's first wife and uncle of his oldest children. In 1972, Salem bin Laden, the eldest son of Mohammed bin Laden, took over as his father's successor, with the assistance of several brothers. Upon Salem's death in a plane crash in 1988, the leadership of the group passed to one of Salem's brothers, Bakr, the current chairman, along with thirteen other brothers who make up the board of the bin Laden group, the most important of these being Hassan, Yeslam and Yehia.[citation needed] The most controversial brother was Osama bin Laden, the leader of Al-Qaeda who directed the September 11 attacks. Questions have been raised[by whom?] into the families personal and business interests in terrorism.[citation needed]

The Group considered an initial public offering in 2011, but declined to do so due to a combination of low oil prices, a weak stock market, and bureaucratic obstacles.[2]

In April 2018, Bakr bin Laden, as well as his brothers Saleh and Saad, transferred their 36.2% stake in the Saudi Binladin Group to the Istidama Holding Company, which is owned by the Ministry of Finance.[2] The government of Saudi Arabia subsequently established a five-person committee to run the Binladen Group, which includes of Abdulrehman al-Harkan, Khaled Nahas, Khalid al-Khowaiter.[2] Reuters described the ownership transfer as a functional nationalization, with al-Harkan, the committee's chairman, reporting to Finance Minister Mohammed Al-Jadaan.[2] al-Karkan subsequently negotiated an 11 billion riyal loan from the Ministry of Finance.[2]

Current activities[edit]

The bin Laden group is represented in most Saudi cities — Riyadh, Dammam — and in a number of capital cities in the region (Beirut, Cairo, Amman, Dubai). According to a synopsis by the PBS news program Frontline:[4]

The Group has constructed Abraj Al Bait Towers in Mecca[5] and has been contracted by Kingdom Holding Company to build the Jeddah Tower.[6]

On 11 September 2015, while doing construction work in the Grand Mosque in Mecca, Saudi Arabia, one of the Group's cranes collapsed due to high winds causing 118 deaths and almost 400 injuries.[7] As a result, the Saudi king banned the firm from taking new projects while having its current projects reviewed. The Saudi government removed the ban on the Binladin Group in May 2016, allowing them to bid on new projects.[7]

Saudi Arabia projects[edit]

  1. Royal Terminal, Jeddah
  2. King Abdulaziz International Airport, New Haj Terminal, Jeddah
  3. Al Faisaliyah Center
  4. Madina-Qassim Expressway
  5. Um Alqura University, Makkah
  6. Lotus Compounds, Jeddah
  7. Alameera Noura University
  8. Abraj Al Bait Towers, Makkah
  9. Jeddah Tower, Jeddah
  10. King Abdullah Economic City
  11. Jamaraat Bridge
  12. Saudi Arabia National Guard Housing Project
  13. Saudi Arabian Railways Projects CTW-100 and CTW 110

International projects[edit]

  1. Blaise Diagne International Airport, Senegal
  2. Kuala Lumpur International Airport, Malaysia
  3. Sharjah International Airport Expansion & Development, UAE
  4. University of Sharjah, UAE
  5. Expansion of Velana International Airport, Maldives


SBG's Internet domain name,, was registered on September 11, 2000, for one year, expiring on the same day as the September 11 attacks. The domain was later acquired by a domain speculator.[8]


  1. ^ Fattah, Zainab (2 August 2011). "Alwaleed Hires Saudi Binladin to Build World's Tallest Tower". Bloomberg Business.
  2. ^ a b c d e f 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.
  3. ^ "About Us". Saudi Binladen Group. 2010. Archived from the original on 2011-02-19. Retrieved 12 September 2015.
  4. ^ "About the bin Laden Family". PBS. Retrieved 2 August 2011.
  5. ^
  6. ^ "Bin Laden Group to build world's tallest tower". CNN. 2 August 2011. Retrieved 2 August 2011.
  7. ^ a b "UAE crashed cargo plane owned by Sudan's Azza Air". Reuters. 21 October 2009. Retrieved 21 October 2009.
  8. ^ Altman, Howard (9 November 2001). "Osama Family's Suspicious Site". Wired.

External links[edit]