RIYADH (Web Desk) – Saudi royal court on Tuesday banned Bin Laden Group from construction projects following Makkah crane collapse tragedy which claimed 107 lives last Friday.

According to Al-Arabiya TV all of the executives of Bin Laden construction company have also been barred from leaving the kingdom till next order.

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The royal court further said that  Saudi Binladin Group will also not be given any further projects following Makkah crane collapse while the families of victims will be a compensation of one million saudi riyals.

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The statement said that no conspiracy has been found to be behind crane crash tragedy in initial investigation however an in-depth inquiry will be carried out into the tragedy to reach a conclusion.

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Earlier on Friday as many as 107 pilgrims died while another 350 were badly wounded when a crane toppled on them apparently due to heavy rains and storms in Makkah’s grand mosque.

King Salman also ordered that all members of the board and senior executives be prevented from travelling abroad after an investigation into last week’s incident showed the crane had been erected in a way that deviated from manufacturer’s instructions, causing it to crash in high wind.

Explaining the action, an official statement referred without elaborating to the responsibility and “shortcomings” of the company following an investigation into the crane crash that also injured 238 other people.

The king ordered that the Binladin Group be prevented from entering into new bids or new projects, said the statement, carried by state news agency SPA. The suspension would remain in force until the investigation is complete and until all legal cases are settled.

The crane toppled over at Makkah’s Grand Mosque last Friday, less than two weeks before the annual Hajj pilgrimage.

Pakistani, Indonesian and Indian pilgrims were among those killed when the crane collapsed, while the injured included Malaysians, Egyptians, Iranians, Turks, Afghans and Pakistanis.

The Binladin Group, one of the largest contracting companies in the kingdom, had been carrying expansion work at the Grand Mosque. It was founded more than 80 years ago by the father of al Qaeda leader Osama bin Laden, and is run by Osama’s brother Bakr.