{"id":83697,"date":"2024-02-25T00:00:00","date_gmt":"2024-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/"},"modified":"2024-02-25T00:00:00","modified_gmt":"2024-02-25T00:00:00","slug":"pif-eyes-stake-in-saudi-binladin-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/","title":{"rendered":"PIF eyes stake in Saudi Binladin Group"},"content":{"rendered":"

PIF wants in on Saudi Binladin Group:<\/strong> The Public Investment Fund (PIF) is planning to acquire a stake in the Kingdom\u2019s largest construction conglomerate, Saudi Binladin Group (SBG), Bloomberg<\/a> reported last week, citing sources it says are close to the matter. <\/p>\n

What we know:<\/strong> The PIF is reportedly eyeing a chunk of or all of the Finance Ministry\u2019s 36% stake in the construction giant, the sources said. It is working with Morgan Stanley on the potential transaction, they added.<\/p>\n

Two-way benefits: <\/strong>The interest comes as the PIF looks to strengthen the domestic construction industry as the Kingdom pushes forward with the development of gigaprojects. The drive is taking on new urgency as we prepare to host both Expo 2030 and the 2034 Fifa World Cup. The potential acquisition could come as a lifeline for SBG\u2019s recovery from years of losses and debt. It hired Houlihan Lokey in 2020<\/a> to advise on the restructuring of some USD 15 bn worth of debt<\/p>\n

A key player: <\/strong>The SBG has been the Kingdom\u2019s largest building contractor since it was founded in 1931. It helped build the King Abdulaziz International Airport, King Saud University, King Abdullah Financial District, King Abdullah Economic City, and Al Faisaliyah tower, among other projects, according to its website<\/a>. It also helped with development and expansion works at the two holy mosques in Makkah and Madinah.<\/p>\n

BACKGROUND- The PIF invested in a number of construction outfits last year<\/strong>, spending over USD 1.3 bn<\/a> to acquire minority stakes in Nesma & Partners Contracting, ElSeif Engineering Contracting, AlBawani Holding, and Almabani General Contractors.<\/p>\n","protected":false},"excerpt":{"rendered":"

PIF is reportedly eyeing the Finance Ministry\u2019s 36% stake in Saudi Binladin Group<\/p>\n","protected":false},"author":1,"featured_media":83698,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2721],"tags":[10,227,2720,1151,1183,1184],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma","tag-enterpriseam-ksa","tag-fifa","tag-ma","tag-public-investment-fund-pif","tag-saudi-binladin-group-sbg","tag-world-expo","wpautop","entry"],"acf":{"mongo_id":"21b92bd1-ce7a-4d09-b834-a40f900a7830","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2293.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF plans to acquire stake in Saudi Binladin Group","related_issue":[83693],"teaser":"PIF is reportedly eyeing the Finance Ministry\u2019s 36% stake in Saudi Binladin Group","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.303e6fea-3a0e-40b2-bcdc-c898eaeec64a.mp3"},"yoast_head":"\nPIF eyes stake in Saudi Binladin Group - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIF eyes stake in Saudi Binladin Group\" \/>\n<meta property=\"og:description\" content=\"PIF is reportedly eyeing the Finance Ministry\u2019s 36% stake in Saudi Binladin Group\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-25T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PIF eyes stake in Saudi Binladin Group\",\"datePublished\":\"2024-02-25T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/\"},\"wordCount\":264,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"Fifa\",\"M&A\",\"Public Investment Fund (PIF)\",\"Saudi Binladin Group (SBG)\",\"World Expo\"],\"articleSection\":[\"M&A\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/\",\"name\":\"PIF eyes stake in Saudi Binladin Group - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-02-25T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PIF eyes stake in Saudi Binladin Group\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PIF eyes stake in Saudi Binladin Group - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/","og_locale":"en_US","og_type":"article","og_title":"PIF eyes stake in Saudi Binladin Group","og_description":"PIF is reportedly eyeing the Finance Ministry\u2019s 36% stake in Saudi Binladin Group","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/","og_site_name":"KSA","article_published_time":"2024-02-25T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PIF eyes stake in Saudi Binladin Group","datePublished":"2024-02-25T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/"},"wordCount":264,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM KSA","Fifa","M&A","Public Investment Fund (PIF)","Saudi Binladin Group (SBG)","World Expo"],"articleSection":["M&A"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/","name":"PIF eyes stake in Saudi Binladin Group - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1","datePublished":"2024-02-25T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/25\/pif-eyes-stake-in-saudi-binladin-group\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"PIF eyes stake in Saudi Binladin Group"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2293.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/83697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=83697"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/83697\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/83693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/83698"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=83697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=83697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=83697"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=83697"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=83697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}