Saudi Binladin Group finance chief resigns following restructuring - sources

By Hadeel Al Sayegh and Stephen Kalin DUBAI/RIYADH (Reuters) - Saudi Binladin Group's chief financial officer, Klaus Froelich, has resigned, two sources familiar with the matter told Reuters on Monday, following a restructuring of the construction giant under Riyadh's anti-corruption campaign. Froelich, a former Morgan Stanley banker, had been hired in 2016 to help the firm overcome a crisis sparked by the collapse of a construction crane in Mecca's Grand Mosque that killed 107 people. (Writing by Stephen Kalin; Editing by Mark Potter)

Reuters March 19, 2019 02:05:46 IST
Saudi Binladin Group finance chief resigns following restructuring - sources

Saudi Binladin Group finance chief resigns following restructuring  sources

By Hadeel Al Sayegh and Stephen Kalin

DUBAI/RIYADH (Reuters) - Saudi Binladin Group's chief financial officer, Klaus Froelich, has resigned, two sources familiar with the matter told Reuters on Monday, following a restructuring of the construction giant under Riyadh's anti-corruption campaign.

Froelich, a former Morgan Stanley banker, had been hired in 2016 to help the firm overcome a crisis sparked by the collapse of a construction crane in Mecca's Grand Mosque that killed 107 people.

(Writing by Stephen Kalin; Editing by Mark Potter)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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