Saudi Binladin Group finance chief resigns following restructuring: sources

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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.

(This story corrects typo in headline)

Writing by Stephen Kalin; Editing by Mark Potter

Our Standards:The Thomson Reuters Trust Principles.

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