Several Saudi businessmen give up stake in Binladin Group

08/07/2018 Argaam

 

Saudi businessmen Bakr, Saleh and Saad Binladin have given up their 36.2 percent stake in the Saudi Binladin Group to Istidama Holding Company, Al-Arabiya TV reported on Thursday, citing the Saudi Ministry of Commerce.

 

The company, crucial to the state's plans for major tourism and infrastructure projects, is currently being run by a government-appointed committee, Reuters reported.

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