22 December 2003 – Saudi Aramco has awarded International Power and Saudi Oger a contract to develop, own and operate four cogeneration Plants in Saudi Arabia. The parties signed agreements with Saudi ...
Ayman Hariri, CEO of viral social app Vero, has shared a document that shows he was not financially tied to or running Saudi construction company Saudi Oger when it left thousands of migrant workers ...
Payments owed to contractors and banks are in addition to the amount in outstanding salaries Saudi Oger owes SR3bn ($800m) to its employees in salaries in addition to the payments due to contractors ...
Nearly two years after the collapse of the construction giant Saudi Oger rendered thousands jobless, Lebanese worker Mohammed remains stranded in limbo in Riyadh — and desperate to avoid arrest. The ...
DUBAI/RIYADH — The 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 ...
Saudi contractor Saudi Oger Ltd. is expected to declare bankruptcy to get over its acute finical problems, after it was unable to pay salaries and renew medical insurance for its 20,000 employees for ...
A Riyadh court has calculated the accumulated debts of liquidated contractor Saudi Oger – hit in part by the 2015-16 slowdown in Saudi Arabia’s construction sector – at more than $10.7bn (SAR40bn), ...
Saudi Arabia is setting up a committee to handle the restructuring of debt owed by Saudi Oger, the construction company owned by the family of Lebanese Prime Minister Saad al-Hariri, said two sources ...
Saudi Arabia is at the nexus of Lebanese Prime Minister Saad Hariri’s two big problems: his precarious political future and the looming collapse of his construction empire, a business built on decades ...
Company submitted a price of $3.4bn for contract to build a network of facilities around the kingdom. The local Saudi Oger is the low bidder for the contract to build a network of rehabilitation ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Telecom, the leading Middle East telecommunications group, has agreed to pay $2.6bn for a 35% stake in ...
DUBAI/RIYADH (Reuters) - The 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 ...