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Saudi Oger unit acquired by top Jordanian investorOger International, a French construction engineering, design and project management group and subsidiary of crisis-hit Saudi Oger, said it has been acquired by a Jordanian investor Ala Al Khawaja through his French company AMK Capital Investm More… |
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Troubled Saudi Oger shuts down business: reportSaudi Oger, a major construction company that has faced financial difficulties in recent years, downed its shutters on Monday after almost four decades of existence in the Saudi market, said a report. The company, with a paid up c More… |
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Saudi Oger faces multi-billion-dollar debt restructuringThe Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter. More… |
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Saudi govt 'discussing takeover of Oger'Saudi Arabia's government is discussing a proposal to take over construction conglomerate Saudi Oger, owned by the family of former Lebanese Prime Minister Saad Al Hariri, a Lebanese newspaper reported on Wednesday. Oger has b More… |
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Arabtec eyes merger with Kuwait, Saudi firms?Dubai-based Arabtec Holdings is in merger talks with Kuwait's Combined Group Contracting Co and Saudi Arabia's Saudi Oger to create a pan-Gulf construction firm, Kuwaiti newspaper Al-Qhabas reported, citing unnamed sources. More… |
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Saudi Oger inks $1.03bn loan refinancing dealSaudi Oger, one of the leading construction companies in the Kingdom, has signed a $1.03 billion syndicated loan, which will be used to replace debt related to the construction group's investment in Arab Bank shares, the lead arrangers said More… |
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Tihama Power to expand Saudi plantsInternational Power and Saudi Oger have announced the signing of Energy Conversion Agreements (ECAs) for an expansion of their joint venture Tihama's power plants in Saudi Arabia. The expansion follows an award from Saudi Aramco. Inter More… |
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Qatar makes approach for Oger Telecom stakeQatar, eager to boost its footprint in Turkey, has made a takeover approach to the majority owner of Oger Telecom, which owns a controlling stake in Turk Telecom, sources said. Qatar has directly approached Saudi Oger - owned by the family More… |
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TAV, partners sign Madinah airport dealA consortium comprising Turkey’s TAV, Saudi Oger and Al Rajhi Holding Group has signed a contract for Saudi Arabia’s Madinah airport, a report quoting TAV said. The consortium will build and operate the Madinah International Airport for 25 More… |
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Saudi Oger inks $1.85bn loan dealSaudi Oger, a top construction group, said it has reached a deal with a group of leading banks to secure a landmark $800 million senior term loan facility and a SR3.97 billion ($1.05 billion) advance payment guarantee facility to fund the Kin More… |
