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Saudi Arabia Boosts Stake in BIHG Amid Financial Struggles

1/4/2026

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Saudi Arabia Invests

Saudi Arabia's finance ministry increased its stake in Binladin International Holding Group (BIHG) to 86.38% through a debt-conversion deal.
The move follows BIHG's financial struggles from stalled projects and delayed payments tied to falling oil prices.
Separately, the National Debt Management Center secured a $13 billion syndicated loan to fund power, water, and public utilities projects, aligning with Saudi Vision 2030 to diversify the economy away from oil.

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Saudi Arabia Invests

Saudi Arabia's finance ministry increased its stake in Binladin International Holding Group (BIHG) to 86.38% through a debt-conversion deal.
The move follows BIHG's financial struggles from stalled projects and delayed payments tied to falling oil prices.
Separately, the National Debt Management Center secured a $13 billion syndicated loan to fund power, water, and public utilities projects, aligning with Saudi Vision 2030 to diversify the economy away from oil.

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