News tagged "Saudi oger"

Saudi Oger's debt valued at over US$ 10.7 bn

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.[..]

Read more

Saudi Oger to declare bankruptcy

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.[..]

Read more

First 1 Last