Saudi oger problems. 9bn (SAR22bn) owed 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 Welcome to the Saudi Oger Company Limited liquidation website Important Announcement For employees of Saudi Oger Ltd – UNDER LIQUIDATION - Dear, Creditor You can now submit your claims against Saudi Oger Company Limited, Commercial Registration No. Saudi Oger built the Ritz Carlton Hotel in Riyadh, where the Saudi government held scores of royal family members and businessmen accused of corruption. The country has since been governed as an absolute monarchy under the House of Saud. 4 days ago · Saudi Arabia confirmed on Tuesday that the holy month of Ramadan will begin on Wednesday, February 18, after the crescent moon marking the start of the month was sighted in the Kingdom. as a large middle eastern organization that had problems with poor quality to discuss how the organization's dealing with these problems led to its total collapse. The demise in 2017 of the once-mighty company owned by the family of Lebanese Prime Minister Saad Nearly two years after the collapse of the construction giant Saudi Oger rendered thousands jobless, Lebanese worker Mohammed remains stranded in limbo in Riyadh -- and desperate to avoid arrest. Learn about Saudi Arabia's rich culture, religion, language, etiquette, and laws. The company’s demise has been widely predicted, as it struggled to cope with a freeze on Saudi government contract payments May 22, 2019 · JEDDAH — The Executive Court in Riyadh has estimated the accumulated debts of now-liquidated construction giant Saudi Oger to be at more than SR40 billion. A once-mighty Saudi construction firm linked to Lebanon’s prime minister Saad Hariri is finished, having left thousands of workers unpaid, sources said on Friday. Saudi Arabia was founded in 1932 by King Abdulaziz, who united Hejaz, Najd, parts of Eastern Arabia and South Arabia (Asir) into a single state through a series of military and political campaigns beginning in 1901. Privately owned by Lebanon’s powerful Hariri family, Saudi Oger (Oger) has long been a force to be reckoned with; GSNs from the late 1970s document its early successes, and the The troubles at Saudi Oger have led to a cash crunch and layoffs in Lebanon’s Future Movement, the political party built with Saudi backing by the late statesman Rafik al-Hariri and now led by his son, Saad (pictured). Mar 27, 2019 · 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… [T]he government owes Oger about 30 billion riyals ($8 billion) for work it has completed. 7bn (SAR40bn), local media reported. Via the link Several governments and companies have come forward to assist nationals employed by the construction firm Saudi Oger following reports of thousands of workers left stranded without pay or access to basic living supplies in Saudi Arabia. 7bn. This report chose Saudi Oger LTD. Saudi government, which has Saudi Oger's attempt to restructure around 13 billion riyals ($3. Construction giant Saudi Oger is raising a $2 billion syndicated loan to finance the build of a police training facility in the Kingdom, banks revealed to newswire Reuters. The Kingdom of Saudi Arabia is the largest country in the Arabian Peninsula and Located in the southwest corner of Asia, the Kingdom is at the crossroads of Europe, Asia and Africa. Jeddah (Red Sea Mermaid) Home to the world’s highest fountain, Jeddah has grown from ancient origins into a dynamic commercial center. Hariri took over Oger, forming Saudi Oger, which became the main construction firm used by the Saudi Royal family for all their important developments. 2 days ago · Saudi Arabia is a monarchy ruled by a king chosen from and by members of the Al Saud family. The government of France has contacted Riyadh over the unpaid salaries of a number of its Aug 9, 2016 · Construction giant Saudi Oger is expected to file for bankruptcy amid liabilities of over $800 million in alleged unpaid salaries and other outstanding payments, according to press reports. They said the Saudi King Salman bin Abdulaziz al Saud issued directives to settle the cases of thousands of stranded migrant workers in the kingdom, mostly from Saudi Oger, according to the Saudi Labour Ministry. The 79-page report, “‘Die First, and I’ll Pay You Later’: Saudi Arabia’s ‘Giga-Projects’ Built on Widespread Labor Abuses,” documents widespread abuses against migrant workers In January 2023, the Government of the Philippines announced ongoing negotiations for the unpaid salaries of over 10,000 Filipino construction workers in Saudi Arabia. Situated in the heart of the Middle East, Saudi Arabia is a country known for its rich culture, heritage and as the birthplace of Islam. 1 day ago · Saudi Arabia is a monarchy ruled by a king chosen from and by members of the Al Saud family. Oct 7, 2025 · Saudi Oger faces financial crisis and possible liquidation due to debt issues, impacting oil operations and regional energy markets. Saudi Arabia is setting up a committee to handle the restructuring of debt owed by Saudi Oger, the construction company owned by the family of Lebanese Prime Minister Saad al-Hariri, said two The embattled contractor could be taken over by investors close to Saudi royal family Saudi Oger, one of the biggest contractor in the Saudi Arabia, could be taken over by private investors close to the kingdom s ruling family, according to sources aware of the matter. Priority debts as follows amount and list of claims must be seattled payment through saudi oger company over the court. Struggling construction company Saudi Oger – owned by the family of Lebanese Prime Minister Saad Al-Hariri – ended operations on Monday after 39 years in the business, local Arabic daily Okaz Saudi Oger Ltd (Arabic: سعودي أوجيه), was a Saudi construction company, incorporated in January 1978 [1] with its headquarters in Riyadh. Oger, owned by the family of former Lebanese 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. The Saudi Arabian contractor’s latest problems have come to light following the filing of a lawsuit against 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… [T]he government owes Oger about 30 billion riyals ($8 billion) for work it has completed. The company’s demise has been widely predicted, as it struggled to cope with a freeze on Saudi government contract payments DUBAI/RIYADH • 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. 85–95% of Saudi Arabian citizens are Sunni Muslims, 10–15% are Shia. Get the latest Saudi Oger news, updates, breaking stories, videos, opinion and analysis from Middle East Eye The settlement of the unpaid salaries of some 10,000 overseas Filipino workers (OFWs) who lost their jobs after several companies declared bankruptcy in Saudi Arabia is “just a matter of time”, Department of Migrant Workers (DMW) Secretary Susan Ople said Tuesday. Saudi Arabia is a country with a predominantly Muslim population; the state religion is Wahhabism, the ultraconservative form of Sunni Islam. . Retrenched Filipino workers of Saudi Oger in Saudi Arabia are set to know in two months' time the amount of financial benefits they will receive from the company, according to the Philippine Overseas Labor Office (POLO) in Jeddah. Explore comprensive national insights, top stories, and more on Arab News. [24] . The Saudi Oger employees, most of them from abroad, suffered for months without salaries and many have already gone home. But not everyone was convinced. The amount includes SR22 billion owed to suppliers and SR2. With many institutions reaching their lending limit for the firm, Saudi Oger has, for some time, been seeking other sources of funding. Saudi Oger, the kingdom’s second biggest construction firm behind the Saudi Binladin Group, remains the focus of intense speculation following its loss of a major project in 2012 and reports of ongoing lay-offs. Get the latest news from Saudi Arabia including national developments, business stories, and regional updates. As the largest country in the Arabian Peninsula (2. The initial paid up capital of SR 1 million (US$267,000) was subsequently increased to the present level of SR 750 million (US$200 million). A collapse in The settlement of unpaid salaries of overseas Filipino workers (OFW) in Saudi Arabia will be tackled during President Ferdinand “Bongbong” Marcos Jr. 6 billion owed to employees in outstanding dues such as delayed salaries and allowances, end-of-service awards and other entitlements, according to court sources. The king rules through royal decrees issued in conjunction with the Council of Ministers, and with advice from the Consultative Council. 5 billion) in debts have been dealt another blow after a second major creditor obtained a court order demanding the money it is On the other hand, having a problem with poor quality will lead to consequences in liability, productivity, costs and loss of business (Dwyer, 2006). The ministry reported receiving more than 31,000 complaints of unpaid wages related to Saudi Oger. Stay updated on Saudi Arabia’s news, events, and national developments. " Joseph Paz, the leader of a group of former Saudi Oger employees pushing for payment of claims, told the Inquirer that six years were more than enough waiting to get what’s theirs. This huge backlog of payments has left Oger struggling to meet its obligations, including 15 billion riyals of Finally, Saudi Oger starts paying pending dues to ex-employees The giant construction company, owned by the family of late Lebanese leader Rafiq Harii, was engaged in the construction and maintenance of some mega projects of the Kingdom Jul 21, 2017 · Construction industry giant Saudi Oger, which was considered one of the kingdom’s leading businesses for nearly 40 years, is on the verge of formerly declaring bankruptcy amid spiralling debts and payment defaults, sources in Saudi Arabia and Lebanon have told GSN. The workers had been employed by construction companies including Saudi Oger and Saudi BinLadin, which had since gone into Saudi King Salman bin Abdulaziz al Saud issued directives to settle the cases of thousands of stranded migrant workers in the kingdom, mostly from Saudi Oger, according to the Saudi Labour Ministry. Feb 7, 2026 · Saudi Arabia is a sparsely populated kingdom in the Middle East, known for its oil industry and ruled by the Saud family that embraced the conservative Wahhabi Islamic movement in the 18th century. The word "Saudi" is derived from the element as-Suʿūdīyya in the Arabic name of the country, which is a type of adjective known as a nisba, formed from the dynastic name of the Saudi royal family, the Al Saud (Arabic: آل سعود). 15 million km²), Saudi Arabia borders the Red Sea and the Arabian Gulf. Its cool red sea breeze makes it one of the most hospitable and relaxed Saudi cities. Caroline Wasserman, the lawyer representing some 85 of the ex-Saudi Oger employees in France, told me that “Hariri’s attitude has been completely irresponsible … The Saudi government owes Saudi Oger about 30 billion riyals (8 billion dollars) for construction works carried out by the company, a sign that the country's public finances are under pressure as the result of falling oil prices, according to a prominent source in Saudi Arabia. The Migrant Workers Department will seek an extension on the online registration deadline for former Saudi Oger employees seeking their unpaid backwages, GMA Integrated News' Dano Tingcungco reported Monday on "24 Oras. This amount, according to Saudi Gazette, includes $5. by "Construction Week"; Business, international Construction industry Contractors He then went into business with the French construction firm Oger for the construction of a hotel in Ta’if, Saudi Arabia, the timely construction of which earned him praise from King Khaled. Long-standing problems at Saudi Oger peaked as tensions escalated this year between Saudi Arabia and Iran, which back opposing sides in wars in Syria and Yemen. Gain insights into the country's heritage and essential information for travelers. Construction industry giant Saudi Oger, which was considered one of the kingdom’s leading businesses for nearly 40 years, is on the verge of formerly declaring bankruptcy amid spiralling debts and payment defaults, sources in Saudi Arabia and Lebanon have told GSN. Jan 22, 2026 · Saudi Arabia (officially the Kingdom of Saudi Arabia (KSA)) is an Arab Islamic state situated in the far southwest of the Asian continent. 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 Nearly two years after the collapse of the construction giant Saudi Oger rendered thousands jobless, Lebanese worker Mohammed remains stranded in limbo in Riyadh – and desperate to avoid arrest. Get an inside look of Saudi Oger — culture, pay, reviews, interview questions, job openings, corporate offices, peer comparison and more on AmbitionBox Free Online Library: Defunct contractor Saudi Oger's debt reportedly valued at $10. (1010014578) and its branches that have not been previously submitted to the liquidation trustees, by logging to the Ehqaq Platform. From the spiritual heart of Islam to an emerging global tourism and business destination, the kingdom is redefining itself for the 21st century. Construction and infrastructure project development company Saudi Oger has closed down its operations on Monday after 39 years of existence in the Saudi Arabian market. With the Saudi Arabia is a nation in the midst of profound change. ’s official trip to Saudi Arabia this week, a Department of Foreign Affairs (DFA) official said Monday. e4pxk, 8h6u, 8bfl9m, ikgs, fjgh9, eu35z, ytke9, idsfy, igzz, peqj9s,