Published On: Thu, Sep 27th, 2018

As a Saudi prince rose, the #BinLaden business empire crumbled – The #Bin #Ladens once ranked among #Saudi Arabia’s most powerful business families. But that changed as Prince Mohammed bin Salman grew in influence.

The Bin Ladens once ranked among Saudi Arabia’s most powerful business families. They built palaces, mosques and cities on the orders of successive kings. But that changed as Prince Mohammed bin Salman grew in influence. This is the story of the Bin Ladens’ fall.

Soon after Prince Mohammed bin Salman became second in line to the throne of Saudi Arabia, he turned his sights to the sprawling empire of the Saudi Binladin Group.

In 2015, the prince, then 29, approached Bakr bin Laden, chairman of the family-owned construction giant, and told him he wanted to become a partner in the firm, according to six people briefed on the exchange.

Read more: As a Saudi prince rose, the Bin Laden business empire crumbled

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