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 collapse, according to sources aware of the matter.
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
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.
Saudi 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
International 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
Qatar, 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
A 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
Saudi 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
The Saudi Railways Organisation awarded 9.38 billion riyals ($2.5 billion) in contracts to two consortiums to build four railway stations in the kingdom, it said on Wednesday.
The winning consortiums were led by Saudi Bi
Saudi Arabian construction company Saudi Oger said on Saturday it had $7.2 billion in building contracts under execution and planned to expand into Bahrain and Oman to diversify its revenues.
Ali Kholaghassi, vice-president of privately-he