Bakr bin Laden

Bakr bin Mohammed bin 'Awad bin Laden (Arabic: بكر بن محمد بن عوض بن لادن; born 1946) is the former chairman of the Jeddah-based Saudi Binladin Group and the former largest shareholder in the Group, with a 23.58% holding.[1] He is the son of the family's patriarch − Mohammed bin Awad bin Laden − and a half-brother of Osama bin Laden.

Bakr bin Laden
بكر بن لادن
Born
Bake bin Mohammed bin 'Awad bin Laden

1946 (age 75–76)
Mecca, Saudi Arabia
CitizenshipSaudi Arabia
Alma materUniversity of Miami
Known forChairman of Saudi Binladin Group
Parent(s)

Education

Bakr bin Laden attended college at the University of Miami in Coral Gables, Florida, in the United States.[2]

Career

Despite the region’s small construction sector, he has managed to expand the business. In March, the firm joined together with Qatari Diar to launch a joint venture holding company, which is expected to have a massive capital base. The new venture will have two umbrella firms, one of which will carry out mega contracting and construction works in Qatar and the rest of the world. It is also currently working on a $994.6m contract to design and build 30 parcels in King Abdullah Financial District, Saudi Arabia.[3]

In April 2018, Bakr transferred his stake in the Saudi Binladin Group to the government of Saudi Arabia.[4]

Arrest
Main article: 2017 Saudi Arabian purge

On 4 November 2017, Bakr bin Laden was arrested in Saudi Arabia in a "corruption crackdown" conducted by a new royal anti-corruption committee and detained without trial.[5][6][7] Bakr was initially detained at the Ritz-Carlton, Riyadh[4] and later held in a publicly-unknown location.[6] The Saudi government also seized the deed to a villa owned by Bakr overlooking the Red Sea.[6]

In January 2019 the kingdom released Bakr bin Laden and several other detainees. Among those reportedly released were Mohammed Hussein Al Amoudi, a businessman who owns much of Ethiopia and Amr Dabbagh, a former government minister who once led the Saudi Arabian General Investment Authority, which aims to attract foreign investment. The move came amid unprecedented global pressure of the kingdom and Crown Prince Mohammed bin Salman after the assassination of Jamal Khashoggi by Saudi agents at the country’s consulate in Istanbul.[8][9]

See also

References
  1. "Saudi Binladin Group". Zawya.
  2. "The Fall of the bin Ladens," The New Yorker, September 11, 2021, retrieved February 20, 2022.
  3. "Arabian Business".
  4. Katie Paul; Tom Arnold; Marwa Ashad; Stephen Kalin (27 September 2018). "Special Report: As a Saudi prince rose, the Bin Laden business empire crumbled". Reuters.
  5. "KO SU BOGATI SAUDIJCI UHAPŠENI ZBOG KORUPCIJE? Teški su na desetine milijardi dolara, a među njima je i BRAT OSAME BIN LADENA". Blic. 5 November 2017. Retrieved 6 November 2017.
  6. John Melloy (6 November 2017). "There may be a 'Game of Thrones' in Saudi Arabia now and that has big implications for oil". CNBC. Retrieved 6 November 2017.
  7. "Saudi Arabia princes detained, ministers dismissed". www.aljazeera.com.
  8. David D. Kirkpatrick (31 January 2019). "Saudis End Purge That Began With Hundreds Locked in the Ritz-Carlton". The New York Times.
  9. "One of the Mideast's Richest Men Is Among Freed Saudi Detainees". Bloomberg. 27 January 2019.
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