February 24, 2017 12:58 AM ET

Industrial Conglomerates

Company Overview of Saudi Oger LTD.

Company Overview

Saudi Oger LTD., through its subsidiaries, engages in the construction and engineering, facilities management and administration, real estate development, telecommunication, utilities, IT services, and printing businesses internationally. Its construction and engineering services include investments in technology, value engineering, communication protocol and document control systems, planning, design management, sustainability, preconstruction, design and build, and engineering services; and facilities management and administration services comprise hard, soft, consulting, and operation services. The company’s real estate development services include design, construction, operation, and man...

173 Zaid Bin Thabit Street

Al Malaz District

P. O. Box 1449

Riyadh,  11431

Saudi Arabia

Founded in 1978

Phone:

966 11 477 3115

Fax:

966 11 477 0079

Key Executives for Saudi Oger LTD.

Chairman and Chief Executive Officer
Age: 46
Chief Financial Officer and Director
Chief Operating Officer
Vice Chairman, Vice Chairman of Finance and Investments, and Secretary General
Age: 58
Vice Chairman, Deputy Chief Executive Officer and Member of Executive Committee
Compensation as of Fiscal Year 2016.

Saudi Oger LTD. Key Developments

Saudi Telecom To Reportedly Increase Stake In Oger

Saudi Telecom Company (SASE:7010) is reportedly working with JPMorgan Chase & Co. (NYSE:JPM) to evaluate options including increasing its stake in Oger Telecom Limited. Saudi Telecom could buy the stake from Saudi Oger LTD. which holds 65%, to increase its stake of 35%.

Saudi Oger Reportedly Near $1.1 Billion Deal To Sell Arab Bank Stake

As per sources, Saudi Oger LTD. has entered into a preliminary agreement to sell 20% stake in Arab Bank Plc (ASE:ARBK) to Fawaz Abdulaziz Al Hokair & Co. (SASE:4240) for $1.1 billion. The two family owned companies, Saudi Oger and Arab Bank are planning to make a formal announcement after receiving regulatory approval, people familiar with the matter said. Saudi banks are providing financing to Alhokair, the people said. Representatives for Saudi Oger, Arab Bank and Alhokair weren't immediately available to comment.

Saudi Oger Seeks To Sell Stake In Arab Bank

Saudi Oger LTD. is in talks with potential buyer as it is seeking to sell its 20.93% stake in Arab Bank Plc (ASE:ARBK) in a deal that could raise about $1 billion. A small number of potential buyers from Saudi Arabia and the wider Middle East have started negotiations. Among the interested parties vying for the Arab Bank stake is Fawaz Abdulaziz Al Hokair & Co. (SASE:4240). One possible buyer has contacted banks about raising between $700 million and $1 billion to finance a bid.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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