(MENAFN) News on media have been circulating that Saudi government has taken over SBG (Saudi Bin Laden Group), leading construction giant firm, which has worked on dozens of mega-projects throughout past years.
As a result, SBG has stated that it remains a private sector company owned by its shareholders amid reports that some of them may move their shares to the government as part of an economic settlement with authorities.
The company said that SBG confirms that contracted work with the government, which stays a large amount of its activities, are ongoing.
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