{"id":2229,"date":"2021-06-14T10:33:28","date_gmt":"2021-06-14T10:33:28","guid":{"rendered":"https:\/\/xtratheme.com\/elementor\/corporate\/?page_id=1029"},"modified":"2026-04-22T05:45:48","modified_gmt":"2026-04-22T05:45:48","slug":"history","status":"publish","type":"page","link":"https:\/\/bihg.sa\/en\/history\/","title":{"rendered":"History"},"content":{"rendered":"\t\t
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DISCOVER HOW WE HAVE EVOLVED OUR COMPANY\u2019S LEGACY<\/span><\/h1><\/div><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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A Legacy That Built a Nation<\/span><\/h3>\n

Since 1931, the Mohammed Binladin Company had been a driving force behind Saudi Arabia\u2019s<\/span> \nrise to become one of the top economic leaders in the world. Throughout its century-long<\/span>\nhistory, the company has always set the bar high for excellence in the constitution industry with<\/span>\nlandmark projects, from the Two Holy Mosques to a vast portfolio of infrastructure projects that<\/span>\nwere instrumental in the Kingdom\u2019s remarkable growth, to the point where the company became<\/span>\nthe government of Saudi Arabia\u2019s trusted strategic contractor for large-scale, complex initiatives.<\/span><\/p>\t\t\t<\/div>\r\n\r\n\t\t<\/div>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The Foundation of a Legacy<\/span><\/h3>\n

That formidable pedigree entered a new chapter with the establishment of the Saudi Binladin<\/strong>\nGroup (SBG)<\/strong>\u00a0in 1989, helping the company scale up its portfolio across sectors and territories\nand become a\u00a0trendsetter in construction and architectural innovation<\/strong>. Through its\nexecution of landmark developments, SBG not only advanced engineering standards, but also\nreflected the Kingdom\u2019s rising influence on the global stage.<\/span><\/p>\t\t\t<\/div>\r\n\r\n\t\t<\/div>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Expansion & Leadership<\/span><\/h3>\n

Under Binladin International Holding Group (BIHG,) the company\u2019s transformation<\/strong>\nin 2019 represented a strategic shift that elevated SBG and its subsidiaries into\u00a0modern, agile,<\/strong>\nand future-ready enterprises<\/strong>\u00a0in a rapidly evolving market, and aligning with the\u00a0goals of<\/strong>\nVision 2030<\/strong>. Today, the Group has become\u00a0a pillar of Saudi Arabia\u2019s construction sector<\/strong>,\ndriving sustainable growth, enabling national transformation, and shaping the future of global\ninfrastructure thanks to a legacy built on excellence, dependability, and reliability.<\/span><\/p>\t\t\t<\/div>\r\n\r\n\t\t<\/div>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t

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\r\n Corporate Timeline<\/span>\r\n

Company Journey<\/h2>\r\n

Vertical premium timeline with clean spacing, cinematic motion, and no text overlap.<\/p>\r\n <\/div>\r\n\r\n

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1931<\/div>\r\n
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Established in KSA<\/h3>\r\n

Established as a construction company in the KSA.<\/p>\r\n <\/div>\r\n <\/div>\r\n

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1950<\/div>\r\n
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First major award<\/h3>\r\n

Awarded first Saudi Extension to the Prophet\u2019s Mosque in Madina.<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n

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1955<\/div>\r\n
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Holy Mosque extension<\/h3>\r\n

Extension to the Holy Mosque in Makkah, the first for a thousand years.<\/p>\r\n <\/div>\r\n <\/div>\r\n

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1964<\/div>\r\n
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Jerusalem project<\/h3>\r\n

Undertook work in the Dome of the Rock in Jerusalem.<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n

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1985<\/div>\r\n
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3rd Expansion<\/h3>\r\n

Prophet (PBUH) Mosque 3rd Expansion.<\/p>\r\n <\/div>\r\n <\/div>\r\n

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1989<\/div>\r\n
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Incorporation of SBG<\/h3>\r\n

Formal incorporation of SBG.<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n

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2010<\/div>\r\n
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Grand Mosque<\/h3>\r\n

Third Saudi Expansion - Grand Mosque.<\/p>\r\n <\/div>\r\n <\/div>\r\n

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2010<\/div>\r\n
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King Abdulaziz Airport<\/h3>\r\n

November: King Abdulaziz International Airport in Jeddah.<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n

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2013<\/div>\r\n
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Mataf Expansion<\/h3>\r\n

Mataf Expansion - Grand Mosque.<\/p>\r\n <\/div>\r\n <\/div>\r\n

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2015<\/div>\r\n
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Crane accident<\/h3>\r\n

Crane accident in Mecca\u2019s Grand Mosque.<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n

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2018<\/div>\r\n
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Shareholding revised<\/h3>\r\n

SBG shareholding revised to include Isoldina.<\/p>\r\n <\/div>\r\n <\/div>\r\n

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2019<\/div>\r\n
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Ownership update<\/h3>\r\n

BIHG incorporated and SBG stake exchanged by shareholders for ownership in BIHG. SAR 20bn & SAR 40bn facilities supported the group.<\/p>\r\n Ownership % revised<\/span>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n

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2020<\/div>\r\n
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Debt restructuring adviser<\/h3>\r\n

Adviser Houlihan Lokey appointed to restructure debt.<\/p>\r\n <\/div>\r\n <\/div>\r\n

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2024<\/div>\r\n
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Bank debt settlement<\/h3>\r\n

October 2024 \u2013 Bank debt settlement by MoF loan.<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n

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2025<\/div>\r\n
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Board and valuation updates<\/h3>\r\n
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  • New Board Formation<\/li>\r\n
  • Valuations Exercise<\/li>\r\n
  • MOF Debt to Equity conversion<\/li>\r\n <\/ul>\r\n <\/div>\r\n <\/div>\r\n
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    2025<\/div>\r\n
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    Finalization<\/h3>\r\n

    29 December 2025 \u2013 Finalization of MoF shareholding 86.38%.<\/p>\r\n Ownership % revised<\/span>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n