October 21, 2014 11:36 PM ET

Construction and Engineering

Company Overview of Saudi Oger Ltd.

Company Overview

Saudi Oger Ltd., through its subsidiaries, engages in construction, facilities management, real estate development, printing, telecommunication, utilities, and information technology (IT) services businesses in Saudi Arabia, the United Arab Emirates, Jordan, the United States, France, China, and Morocco. Its construction and engineering services include value engineering, project management, communication, planning, design management, sustainability, preconstruction, and design and build services; and facilities management services comprise technical and non-technical services for airports, hospitals, schools, government complexes, public utilities, and industrial facilities. The company als...

173 Zaid Bin Thabit Street

Al Malaz District

P. O. Box 1449

Riyadh,  11431

Saudi Arabia

Founded in 1978

Phone:

966 1 477 3115

Fax:

966 1 477 0079

Key Executives for Saudi Oger Ltd.

Chairman and Chief Executive Officer
Age: 44
Chief Financial Officer and Director
Chief Operating Officer
Vice Chairman
Age: 56
Compensation as of Fiscal Year 2014.

Saudi Oger Ltd. Key Developments

Arabtec Reportedly In Talks To Merge With Combined Group And Saudi Oger

Arabtec Holding P.J.S.C. (DFM:ARTC) is in talks to merge with Combined Group Contracting Company K.S.C.C. (KWSE:CGC) and Saudi Oger Ltd., Al-Qabas reported. Al-Qabas quoted unnamed sources. Spokesmen at the companies could not immediately be reached for comment by Reuters.

Combined Group Denies Merger Talks

Combined Group Contracting Company K.S.C.C. (KWSE:CGC) denied the rumors of being in talks to merge with Arabtec Holding P.J.S.C. (DFM:ARTC) and Saudi Oger Ltd. An executive of the company who declined to be named, said, "We are not related to this issue at all...We did not approach anyone and no one from Arabtec offered anything...There is not even an intention in this regard." Saudi Oger officials were not available for comment to Reuters.

Saudi Oger Signs $1.03 Billion Syndicated Loan

Saudi Oger 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 four-year underwritten loan was arranged by Deutsche Bank, Emirates NBD and Qatar National Bank as initial mandated lead arrangers and bookrunners. Al Khaliji Commercial Bank and Blom Bank were mandated lead arrangers, while Bank Audi and Gulf Bank were lead arrangers. Banque Libano-Francaise, Commercial Bank International, Maybank, and Riyad Bank were arrangers on the transaction.

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