Saudi Binladin Group (SBG) is reported to have asked for an extension on a SAR817mn (USD218mn) Islamic loan that matured on 15 July. This loan was used to fund construction on the Kingdom's Grand Mosque site, which saw considerable delays in payments by the government. SBG is believed to have SAR1.1bn in approved payments on work completed on the project up until December 2015, which are still outstanding. It is also believed to have filed a further SAR1.3bn of claims for work covering the period from January to April 2016, for which approvals are still pending. (Arabian Business)