The group had appointed Frolish, a former banker in Morgan Stanley, in 2016 to help it weather a crisis that sparked the collapse of a construction crane at the Grand Mosque in Mecca, killing two people. 107 people.
According to press reports in May, the group will go to change its name and reduce its size, as part of a restructuring plan after the Saudi government administratively took control of the company working in the field of construction, Which includes more than 500 units in several areas such as construction and energy.
It is worth noting that the Saudi Economic Group is currently managed by a committee consisting of 5 members, formed by the government, after the anti-corruption campaign in the Kingdom affected the founding family The owner of bin Laden.
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