DISCOVER HOW WE HAVE EVOLVED OUR COMPANY’S LEGACY
A Legacy That Built a Nation
Since 1931, the Mohammed Binladin Company had been a driving force behind Saudi Arabia’s rise to become one of the top economic leaders in the world. Throughout its century-long history, the company has always set the bar high for excellence in the constitution industry with landmark projects, from the Two Holy Mosques to a vast portfolio of infrastructure projects that were instrumental in the Kingdom’s remarkable growth, to the point where the company became the government of Saudi Arabia’s trusted strategic contractor for large-scale, complex initiatives.
The Foundation of a Legacy
That formidable pedigree entered a new chapter with the establishment of the Saudi Binladin Group (SBG) in 1989, helping the company scale up its portfolio across sectors and territories and become a trendsetter in construction and architectural innovation. Through its execution of landmark developments, SBG not only advanced engineering standards, but also reflected the Kingdom’s rising influence on the global stage.
Expansion & Leadership
Under Binladin International Holding Group (BIHG,) the company’s transformation in 2019 represented a strategic shift that elevated SBG and its subsidiaries into modern, agile, and future-ready enterprises in a rapidly evolving market, and aligning with the goals of Vision 2030. Today, the Group has become a pillar of Saudi Arabia’s construction sector, driving sustainable growth, enabling national transformation, and shaping the future of global infrastructure thanks to a legacy built on excellence, dependability, and reliability.
Company Journey
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Established in KSA
Established as a construction company in the KSA.
First major award
Awarded first Saudi Extension to the Prophet’s Mosque in Madina.
Holy Mosque extension
Extension to the Holy Mosque in Makkah, the first for a thousand years.
Jerusalem project
Undertook work in the Dome of the Rock in Jerusalem.
3rd Expansion
Prophet (PBUH) Mosque 3rd Expansion.
Incorporation of SBG
Formal incorporation of SBG.
Grand Mosque
Third Saudi Expansion - Grand Mosque.
King Abdulaziz Airport
November: King Abdulaziz International Airport in Jeddah.
Mataf Expansion
Mataf Expansion - Grand Mosque.
Crane accident
Crane accident in Mecca’s Grand Mosque.
Shareholding revised
SBG shareholding revised to include Isoldina.
Ownership update
BIHG incorporated and SBG stake exchanged by shareholders for ownership in BIHG. SAR 20bn & SAR 40bn facilities supported the group.
Ownership % revisedDebt restructuring adviser
Adviser Houlihan Lokey appointed to restructure debt.
Bank debt settlement
October 2024 – Bank debt settlement by MoF loan.
Board and valuation updates
- New Board Formation
- Valuations Exercise
- MOF Debt to Equity conversion
Finalization
29 December 2025 – Finalization of MoF shareholding 86.38%.
Ownership % revised
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