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Saudi Binladin creditors agree to $1.1 bln financing extension
Saudi Binladin Group’s creditors have agreed to extend by two years a 4 billion riyal ($1.1 billion) Islamic credit facility to pay for building work at the Kingdom’s Grand Mosque in Mecca, banking sources said. SBG, historically one of the heavyweights of the kingdom's construction sector, has been struggling because…
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Click here to read the full story: Reuters