The Saudi Investment Company (SICO), headquartered Geneva,

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

, 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 Curaçao ( ; ; pap, Kòrsou, ), officially the Country of Curaçao ( nl, Land Curaçao; pap, Pais Kòrsou), is a Lesser Antilles island country in the southern Caribbean Sea and the Dutch Caribbean region, about north of the Venezuela coast ...

. The Curaçao 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.

Personnel

The company is chaired by

Yeslam bin Laden Yeslam bin Muhammad bin 'Awad bin Laden ( ar, يسلم بن محمد بن عوض بن لادن; born October 19, 1950) better known as Yeslam bin Laden, also written Yeslam Binladin, as he prefers to spell it, is a businessman and the half-brother ...

, a half-brother of the more infamous

Osama bin Laden Osama bin Mohammed bin Awad bin Laden (10 March 1957 – 2 May 2011) was a Saudi-born extremist militant who founded al-Qaeda and served as its leader from 1988 until Killing of Osama bin Laden, his death in 2011. Ideologically a Pan-Islamism ...

. Board members include Beatrice Dufour (a sister-in-law of Yeslam), the 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, came 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''. 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

SICO at CooperativeResearch
Bin Laden family Conglomerate companies of Saudi Arabia Companies based in Geneva Financial services companies established in 1980 Swiss companies established in 1980 Saudi Arabian companies established in 1980 {{Asia-company-stub