Logo ofBinladin International Holding Group
Binladin International Holding Group’s shareholders approved on Dec. 29, the board’s recommendation to increase capital by issuing shares to the Ministry of Finance to settle part of the company’s outstanding debts, the decision coming during yesterday’s extraordinary general meeting (EGM), according to a statement reported by Al-Sharq News. 
As a result of the conversion, the Ministry of Finance will hold an 86.38% stake in the group.
The company noted that the new ownership structure is expected to strengthen its financial position and support growth and expansion plans as part of a transformation program, which includes operational restructuring, enhanced governance, and maximizing the value of its investment portfolio.
According to data from Argaam, the National Debt Management Center (NDMC) had announced in October 2024 the completion of a syndicated loan arrangement for the Ministry of Finance with several local and international banks, totaling approximately SAR 23.3 billion.
This follows the Ministry of Finance’s earlier announcement of measures to support the Binladin Group in stabilizing its financial structure through coordinated arrangements to settle banks’ cash entitlements.
Global Binladin Holding Group was established in March 2019 to manage the operations of its subsidiaries, including Binladin Saudi Company.
Logo ofBinladin International Holding Group
Binladin International Holding Group’s shareholders approved on Dec. 29, the board’s recommendation to increase capital by issuing shares to the Ministry of Finance to settle part of the company’s outstanding debts, the decision coming during yesterday’s extraordinary general meeting (EGM), according to a statement reported by Al-Sharq News.
As a result of the conversion, the Ministry of Finance will hold an 86.38% stake in the group.
The company noted that the new ownership structure is expected to strengthen its financial position and support growth and expansion plans as part of a transformation program, which includes operational restructuring, enhanced governance, and maximizing the value of its investment portfolio.
According to data from Argaam, the National Debt Management Center (NDMC) had announced in October 2024 the completion of a syndicated loan arrangement for the Ministry of Finance with several local and international banks, totaling approximately SAR 23.3 billion.
This follows the Ministry of Finance’s earlier announcement of measures to support the Binladin Group in stabilizing its financial structure through coordinated arrangements to settle banks’ cash entitlements.
Global Binladin Holding Group was established in March 2019 to manage the operations of its subsidiaries, including Binladin Saudi Company.
