Reports earlier this month suggested Lamar Investment and Real Estate was filing a SAR200m lawsuit against the company
Khaldoun Tabari will continue to serve as a non-executive board member and vice-chairman
The builder was blamed for delays to a project on Jeddah’s corniche
Binladin is said to have finished paying months of back pay to 70,000 workers
The Pakistanis are among thousands of workers owed back pay by the troubled construction firm
The lab will be used to conduct research on drones and 3D printing technology
The firm was hard hit last year as low oil prices forced the government to delay payments
The Dhs475m bridges project is currently 85 per cent complete
The total cost of the expansion work, including both land and infrastructure, is about $100n
The Saudi government has ended talks to save struggling construction firm Saudi Oger
Jose Antonio Lopez-Monis was detained by Dubai police on August 17
Officials are undertaking the engineering supervision of the buildings
An earlier report claimed the contractor had asked advisers for proposals to find strategic investors
The firm has been hit hard by an economic slowdown in the region due to low oil prices
No details have been revealed about the reason for his arrest
DSI had reported worsening earnings in eight of the preceding nine quarters
The contractor made a net loss of Dhs186.4m in the second quarter
The troubled firm has been the subject of thousands of complaints by workers
Oger has been hit hard by a slowdown in the Saudi construction sector
Facing a severe cash squeeze, it has been forced to halt work at a string of projects and lay off thousands of staff
Drake and Scull will construct a water injection network project at the Zubair oil field
The company has been hit by government spending cuts and its suspension from receiving new state contracts
The new rule will be applicable from 2017 on companies with a 500 plus workforce
The loan comes after the firm posted a $12.63m net loss for the first three months of the year
Police forces attended the scene but no arrests were made
MMG’s board quit last week when the CMA sentenced three of its executives to jail
Major construction on the site is expected to be complete by October 2019
Khodari has been pressured by a severe slowdown in the construction sector
Last week, Saudi’s stock market regulator fined MMG SAR 1.6bn and sentenced three people to jail
The contract is for work on a sewage treatment plant at the Deira Islands development