Saudi Binladin appoints Rothschild to follow up on restructuring plan: Report

12/05/2022 Argaam
Logo of Saudi Binladin Group

Logo of Saudi Binladin Group

Saudi Binladin Group (SBG) appointed UK-based investment bank Rothschild & Co. to follow up on the construction giant’s restructuring plan, Bloomberg reported, quoting people in the know.

 

The move suggests that the financial restructuring process, which commenced two years ago, will take a longer time, sources said.

 

In April 2020, SBG hired Houlihan Lokey Inc. as an adviser for its $15 billion debt rescheduling plan, according to data available with Argaam.

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