It's corporate fairytale-telling time- get ready for some all-American stories of the sort that would make even Frank L. Baum blush. In a sense, the big bad wolf in this story is Osama bin Laden and the rise of the global terrorist networks, which will force investors and entrepreneurs to think about politics rather than economics when making economic decisions. In the meantime, here's the story of how a Birmingham-based business may have helped to fund Osama bin Laden's global terrorist network. First, the characters.
CHARACTER 1: DANIEL CORPORATION
Daniel Corporation is an American real-estate development company based in Birmingham, Alabama. It was founded in 1934 by Robert Hugh Daniel and his brother, and is now considered to be "one of the largest construction and engineering firms in the world".
Browing the portfolio on their website, a penchant for mixed use corporate-style development becomes apparent in examples like Birmingham's Meadow Brook Corporate Park and Oxmoor Corporate Park, and Richmond's Riverfront Plaza. The style is heavy on the glass and bulk.
CHARACTER 2: FLUOR, A CHILD OF DANIEL
Its Fortune 500 subsidiary, the Fluor Daniel Corporation, is located in Irving, Texas. Fluor and Daniel's relationship began in 1977. Fluor Daniel provides engineering, procurement, construction and maintenance services. As part of the military-industrial-peacekeeping complex, Fluor was contracted to rebuild Iraq's electricity infrastructure after US force and allies bombed it to oblivion. Shouldn't there be some sort of law that says you can't bomb and then bring in your own corporations to rebuild under the auspices of "reconstruction and aid"?
Fluor's investments and projects certainly suggest that it prefers a forward-based strategy in the Middle East (i.e. your taxes should go to paying for Fluor's business interests). It has a Super Absorbent Polymer Plant in Saudi Arabia, which tells you how they feel about this new trend in cloth-diapering. Fluor also built the Aromax petrochemical processing plant in Saudi Arabia for a client listed as "confidential" but somehow associated with Chevron. In fact, most of its 25 listed projects in the Middle East are focused on the oil or gas industry, especially in Saudi Arabia and Kuwait. CEO David Thomas Seaton's ability to corner the Middle Eastern and Asian markets certainly played a role in his 2012 promotion.
CHARACTER 3: SAUDI INVESTMENT COMPANY ORGANIZATION (SICO)
Saudi Investment Company Organization (SICO) was founded in 1980 as a vehicle for mergers and acquisitions. It is centered in Geneva and Jeddah with operations in Rotterdam, Bristol, London, Panama, Curacao, Cayman Islands and USA.
CHARACTER 4: SICO-CURACAO, CHILD OF SICO
It's Curacao-based branch, SICO-Curacao, was created on April 13th, 1984 at 62 Ruyterkade, Curacao, Netherlands Antilles. The directors are Yeslam bin Laden, Saleh bin Laden, Beatrice Dudour, and T. Charles Tickle, the President of Daniel Corporation.
SICO-Curacao is a partner of Daniel Realty Corporation, whose network DUCIC was registered in January 12, 1984 in Virginia- a few months prior to the creation of SICO-Curacao. Daniel Realty Corporation is part of Daniel International Corporation. In the EU, the listed affiliate of SICO-Curacao is Daniel US Properties Lt. Note also that FLUOR is considered to be a partner to SICO-Curacao.

CHARACTER 5: SAUDI INVESTORS, INC.
In 1980, Saudi Investors, Inc., a company incorporated in Panama, joined with the Daniel Corporation to develop several real estate investments in the United States. Among these investments was Imperial Plaza, a 22-acre senior living community of 891 apartments in Richmond, Virginia. In 1983, they co-developed Woodgate West, a 34-building development of two-story apartments in Houston, Texas. The companies worked together on a half dozen commercial real-estate ventures in the United States, all of which included only two investors- Daniel Corporation and Saudi Investors, Inc.
A company document describes the shareholders of "Saudi Investors, Inc." as "Mohamed Binladin Family"- this includes all 53 sons and daughters of Mohammed bin Laden. Osama bin Laden was the 17th of these 53 siblings. After family patriarch Mohammed bin Laden died in 1968, each child inherited a sizable portion of their father's fortune as well as stakes in the family business. In 1993, however, the World Trade Center in New York was bombed by terrorists associated with al-Quaeda. That same year, Osama bin Laden was "forced out" of the two major family companies by his older brother.
CHARLES TICKLE: FAIRY GODMOTHER?
According to two-time Pulitzer-winner Steve Coll's well-researched book on the bin Laden family, Charles Tickle and Yeslam bin Laden "formed offshore corporations to serve as financing vehicles, with Tickle and Yeslam sometimes named as directors".
Charles Tickle, the CEO of Daniel Corporation, takes his calling to entrepreneurship seriously. He maintains a generous public presence concerning new developments, like the Shops of Grand River. According to official state records, he was involved in the formation of numerous business entities in Alabama.
1991
Alabama Business Properties Association, a domestic nonprofit located in Montgormery
1998
Daniel Equity, a domestic limited liability corporation located in Birmingam which was dissolved in 2004
2003
Daniel Holdings, LLC, a domestic limited liability corporation located in Birmingham and dissolved in 2006.
2005
Tickle Holdings, LLC, a domestic limited liability corporation located in Hoover
2005
Plaza Midtown Participants, LLC, a domestic limited liability corporation located in Birmingham
2006
Daniel Management Corporation, a real-estate development corporation in Birmingham
2006
Tickle Family Foundation, a domestic nonprofit located in Birmingham
2008
University Park Owner's Association, Inc., a domestic nonprofit" located in Birmingham
2010
Daniel Development, LLC, a domestic LLC for "real/personal property" located in Birmingham at no address whatsoever.
Interestingly enough, Charles is not on the Board of Trustees of The Daniel Foundation of Alabama (though his roots in Birmingham may perhaps go back to include football).
When it comes to politics, Mr. Tickle prefers not to diversify his holdings portfolio. Between 1990 and 2006, Charlie (also known as "Tex") and Barbara Tickle donated a total of $14,500 to Republican political candidates. Among the beneficiaries of their largesse were Spencer Bachus (R), Robert Aderholdt (R), Bill Cabaniss (R), Jess Sessions (R), Sidney McDonald (R), Mike Rogers (R), the Republican National Committee, and even George Dubya himself.
HAPPY ENDINGS
Having a brother like Osama is bad for business. After publicly expressing his horror and regret for the September 11th suicide attacks, Yeslam gradually returned to the international world of business. But the name bin Laden, once a marketable asset, did not accompany him. The YESLAM brand does not even mention Yeslam's family name on his biography page.
Clearly, Osama profited from his annual dividends and "salary" prior to late 1993. This leaves Osama with at least ten years of money associated with Saudi Investors, Inc. and SICO, as well as Daniel Corporation and Fluor.
This is not to suggest that the bin Laden family in any way supports what Osama has done (the contrary seems true). Rather, I find it interesting that US companies continue to build and develop in the Middle East in spite of its cost to our national security. There may come a day when the price of making money off other's people's land will be not be given to us in dollar signs but in human lives. At this point, we will have to ask ourselves what the term "profit" might mean.
So maybe my questions are directed towards the CEO's of Fluor and Daniel Corporation, as well as the politicians who pave the path for their overseas developments. This kind of fairy tale- the one in which warnings are given and ignored- never has a happy ending.