Saudi Investment Company

Saudi Investment Company

The Saudi Investment Company (SICO), headquartered Geneva, Switzerland and founded on May 19, 1980, represents the worldwide interests of the Saudi Binladin Group.

Overview

The Geneva-based SICO is the parent house for the Group's international financial activities and investments, with branches in London and Curaçao. The Curacao branch, established in 1984, manages the bin Laden group's partnership with the American Daniels Realty Corporation (Duspic), part of the Fluor Corporation conglomerate. It is partly through the bin Ladens' influence that the Fluor group was one of the major recipients of reconstruction contracts in Kuwait. [ [http://www.pbs.org/wgbh/pages/frontline/shows/binladen/who/family.html PBS Frontline: About the bin Laden family] ]

Personnel

The company is chaired by Yeslam bin Laden, a half-brother of the more famous Osama bin Laden. Board members include Beatrice Dufour (a sister-in-law of Yeslam), noted Swiss lawyer Baudoin Dunant, Charles Rochat, and Tilouine el Hanafi.

Included among SICO's more notable business partners is the Pakistani businessman Akberali Moawalla, who, on December 5, 2001, would come under the scrutiny of French investigative authorities for his role in a €241 million transfer made to Pakistan in 2000 from an account belonging to a company called Cambridge, an SBG subsidiary, that was opened at Deutsche Bank in Geneva, according to the "Le Monde". [As cited by Reuters, [http://www.michaelmoore.com/words/latestnews/index.php?id=710] ] U.S. authorities were aware of the existence of those funds, which they believe were transferred into an account belonging jointly to Osama bin Laden and someone of Pakistani nationality, according to the French paper.

References

External links

* [http://www.cooperativeresearch.org/entity.jsp?entity=saudi_investment_company SICO at CooperativeResearch]


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Saudi Binladin Group — Infobox Company company name = Saudi Binladin Group مجموعة بن لادن السعودية company company type = Private conglomerate and holding company foundation = 1950 key people = Sheikh Mohammed bin Laden, founder Bakr bin Laden, chairman location city …   Wikipedia

  • Saudi — المملكة العربية السعودية al Mamlaka al ʿarabiyya as saʿūdiyya Königreich Saudi Arabien …   Deutsch Wikipedia

  • Saudi-Arabien — المملكة العربية السعودية al Mamlaka al ʿarabiyya as saʿūdiyya Königreich Saudi Arabien …   Deutsch Wikipedia

  • Saudi Payments Network — The Saudi Payments Network (SPAN) is the only automated payments network in the kingdom of Saudi Arabia. It connects all ATM and point of sale (POS) terminals throughout the country to a central payment switch which in turn re routes the… …   Wikipedia

  • List of companies of Saudi Arabia — This is a list of notable Saudi Arabian companies. A considerable proportion of Saudi companies are owned by families, including the royal family. Contents 1 Public and semi public companies 2 Private and government owned companies 2.1 A …   Wikipedia

  • Investment Dar — is a Kuwaiti shareholding company founded in October 1994 with a declared capital of KWD 22.752 million (USD$ 83,340,660). The company’s success is built on a three tier long term strategy focused on clear vision and prudent policies. [… …   Wikipedia

  • Saudi Advanced Industries Co. (SAIC) — Saudi Advanced Industries company is an industrial investment vehicle of a local economic offset program. Formed in 1987, the company aims to promote the growth and development of technical oriented industries in the kingdom by investment in… …   Wikipedia

  • Grupo Saudi Binladin — Oficinas del GrupoSaudi Binladin, Dubái, Emiratos Árabes Unidos. El Grupo Saudi Binladin (SBG) es un conglomerado y holding que controla todas las actividades de adquisición, propiedad de la familia Bin Laden, localizado en Jedda, Arabia Saudita …   Wikipedia Español

  • Saudi Arabia — a kingdom in N and central Arabia, including Hejaz, Nejd, and dependencies. 20,087,965; ab. 600,000 sq. mi. (1,554,000 sq. km). Cap.: Riyadh. Cf. Mecca. * * * Saudi Arabia Introduction Saudi Arabia Background: In 1902 Abd al Aziz Ibn SAUD… …   Universalium

  • Legal system of Saudi Arabia — Saudi Arabia This article is part of the series: Politics and government of Saudi Arabia …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”