Saudi Oger's debt estimated at over US$ 10.6 bn
29th May 2019
According to *Tradearabia news report, a Saudi court has estimated the accumulated debts of the now-liquidated construction giant Saudi Oger to be at more than SR40 billion ($10.6 billion), said a report.[..]
Saudi Oger's debt valued at over US$ 10.7 bn
23rd May 2019
According to *Constructionweekonline news report, 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 $10.7bn (SAR40bn), local media reported.[..]
Saudi Oger on the brink of shutdown owing to cash crunch
19th June 2017
Saudi Oger is reportedly on the brink of shutdown owing to a cash crunch that has left the company unable to pay its employees.[..]
Saudi Arabian government calls off rescue talks with Saudi Oger
14th September 2016
The Saudi Arabian government has called off rescue talks with Saudi Oger, an anonymous source has told Reuters.[..]
Saudi Oger to face multi-billion-dollar debt restructuring
9th September 2016
The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter.[..]
Saudi Oger owes employees salaries amounting to US$ 800 mn
11th August 2016
Saudi contractor Saudi Oger owes its employees, salaries amounting to $800m (SAR3bn), in addition to dues owed to contractors and exporters, and money to be repaid for loans from local and international banks, revealed by the French media.[..]
Saudi Oger to declare bankruptcy
9th August 2016
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 the past eight months.[..]
Saudi Arabian government in discussion to take over Saudi Oger
4th August 2016
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.[..]
Saudi Oger to pay delayed salaries from March 2016
9th March 2016
Saudi Oger is reportedly set to pay its delayed salaries from March.[..]
Saudi Labour Ministry suspends services offered to Saudi Oger
8th March 2016
The Saudi Labour Ministry has suspended a number of services offered to Saudi Oger, particularly social security and services provided by the Directorate General of Passports, sources told al Okaz daily, as cited by Amwal online news service.[..]