Saudi Binladin Group says some Shares may be Transferred to Government
2018-01-13 - 2:37 p
Bahrain Mirror- Reuters: Some shareholders of construction giant Saudi Binladin Group (SBG) may transfer some of their shares to the government as part of a financial settlement with authorities, the company said on Saturday.
"Based on information available to management, some of the shareholders may have agreed a settlement that involves transferring some SBG shares to the government of Saudi Arabia against outstanding dues," said the statement, which was emailed to Reuters.
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