London/Dubai — The Saudi Binladin Group is seeking a financial adviser for a restructuring of the group’s debt, which could range from $20bn-$30bn, sources familiar with the matter said.

The move is the latest in state efforts to restructure the construction company, in which the Saudi government took a roughly one-third stake from Bin Laden family members that were swept up in an anti-graft campaign that Riyadh launched in late 2017.

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