Binladin International Holding Group (BIHG), the parent company of Saudi Arabia’s largest construction conglomerate, the Saudi Binladin Group (SBG), announced the expansion of its executive leadership team with the appointment of Balaji Prasad as Group Chief Financial Officer and Roberto Liuzza as Group Chief Organisation Excellence Officer.
Prasad and Liuzza are recent appointments made at a senior level to overhaul the organisation’s governance and operations. Other appointments included Ahmed Al Sanie as Group Managing Director; Abdulrahman Bajunaid as CEO of Real Estate; and Samer Khawashki as CEO of Investments over the past year.
Prasad brings 24 years of experience across the region with a focus on debt restructuring, corporate turnaround, business transformation and complex fundraising across diverse industries such as Contracting, Real Estate, Manufacturing, Trading and Oil & Gas. Past appointments include CFO of Abu Dhabi listed developer Manazel PJSC as well as leadership positions in blue-chip companies such as TYCO, Reliance Industries, Pentair, Sobha Group, KEF Holdings and Suhail Bahwan Group, as well as Indian Oil.
Appointments made at a senior level to overhaul the organisation’s governance and operations
Liuzza has 27 years of experience across Europe, the Middle East, and the Far East in complex transformation and turnarounds across various industries, with an emphasis on performance improvement, strategic planning and change management. Past appointments include Senior Director of Corporate Strategic Planning at BHC, senior positions in primary management consulting firms (namely Booz & Company, Booz Allen Hamilton and Accenture), serving blue-chip MNEs, government institutions, industry regulators, and private equity funds.
c.SAR 1 trillion of new contract awards expected by 2025
Established in March 2019, BIHG oversees and manages the affairs of numerous subsidiaries across its portfolio, including SBG – Saudi Arabia’s largest construction company and one of the world’s largest contractors. It is currently undergoing a transformation programme in order to establish a strong financial and operational platform from which it can capitalise on the sizeable market opportunity for major construction projects in Saudi Arabia. BIHG has identified a significant market opportunity, with c.SAR 1 trillion of new contract awards expected by 2025 alone.