After the anti-corruption party .. Riyadh government puts hands in society, "Bin Laden"

Al-Wasat Newspaper – "Bin Laden" giant, who should help them overcome their financial difficulties. According to the new structure, 15 members of the Bin Laden family will continue to be partners in the group's property, with 63.8% giving them the majority in their property, while Estidah, owned by the Ministry of Finance, The remaining 36.2%.

According to sources quoted by "Al Wasat" on Thursday, the positive restructuring aimed to preserve the group and protect from bankruptcy, which threatens its fate due to the difficulties faced by the group's government, and leads to the Failure to meet their financial obligations, For the payment of workers' wages for long periods.

According to sources, the new structure supports the group's financial position, through the entry of new partners, and injects additional funds into the group, which will open up new areas of work.

The media reported that the Saudi government entered bin Laden for the first time in January 2006. Al-Wasat announced that the government could acquire a stake in the group in a financial settlement with three brothers of the Bin Laden's family was detained during the anti-corruption party in the kingdom.

Saudi authorities arrested princes, officials, and businessmen in October, including group leader Bakr bin Laden, and a number of family members during the campaign.

Since the capture of the bin Laden family, the Saudi Ministry of Finance has formed a five-member committee, including three government representatives to oversee the group's activities and manage relationships with suppliers and contractors.

The bin Laden group, which employed more than 100,000 workers at the peak of its activity, is the kingdom's largest construction company but was hit hard by a recession in the building and construction industry. temporary exclusion of new markets.

Source: Sources