Saudi Saad says debt restructuring plan progressing

(Corrects to remove superfluous "the" in third paragraph and corrects spelling of "central" in last paragraph)

RIYADH, June 9 (Reuters) - Saudi privately held Saad Group [SAADG.UL] said on Tuesday it is making progress with a restructuring plan but declined to comment on a sale earlier in the day of a stake in UK's builder Berkeley (BKGH.L).

"We have no comment to make on individual transactions. We are continuing to make progress with the restructuring plan announced last week and will update you further in due course," said a London based spokesman on behalf of Saad Group.

Berkeley Group said on Tuesday that it understands Saad Group sold 16 million shares in the firm at 701 pence each.

Saad Group said last week said it would restructure its debt after it ran into unspecified difficulties and the Saudi central bank froze the accounts of its billionaire chairman, Maan al-Sanea. [ID:nN0167288] (Reporting by Thomas Atkins in Dubai and Souhail Karam in Riyadh)