Binladin cash-flow squeeze

Saudi Binladin Group is fighting a rear-guard action to save its reputation and its position as one of the region’s largest contractors, in the face of what appears to be a severe cash-flow crisis. It has laid off a reported 89,000 workers and fallen at least four months behind in paying wages to local and foreign staff, according to local media reports. The company has been facing a growing crisis since one of its cranes collapsed in Mecca, killing 118 people, last September.