Saudi Oger

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Saudi Oger Limited
شركة سعودي أوجيه المحدودة
Type Private
Founded 1978; 36 years ago (1978)
Headquarters Coordinates: 24°41′6″N 46°43′3″E / 24.68500°N 46.71750°E / 24.68500; 46.71750, Riyadh, Saudi Arabia
Key people Saad Hariri (Chairman)
Website http://www.saudioger.com

Saudi Oger Ltd. (Arabic: سعودي أوجيه‎), a construction company, was incorporated in January 1978[1] under the rules and laws of the Kingdom of Saudi Arabia with its headquarters in Riyadh. 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). Saudi Oger Ltd. is a private company, wholly owned by the Rafik Hariri family. Since its inception, Saudi Oger Ltd, has grown into a multi-company, multi-divisional organization with subsidiaries and affiliates in the Kingdom of Saudi Arabia and abroad. With the fusion of western technical expertise achieved from its overseas subsidiaries and the Middle Eastern knowledge and experience, the Company has become the center of construction for prestigious and complex projects of advanced technology throughout the Middle East, Africa and Europe.[2]

The adherence to highly qualified standards of services along with the modern equipment and machinery and the strong financial position, enabled Saudi Oger Ltd. to maintain its distinctive reputation among the leading companies in the contracting & Telecommunication businesses, as well as its ongoing development of its utilities business.

Business lines[edit]

Oger Telecommunications operates as a subsidiary of Saudi Oger. The Company provides fixed-line and mobile communication, and Internet services in Turkey, Saudi Arabia, Lebanon, Jordan, and South Africa.[3] In 2008, Saudi Telecom Company (STC), acquired Oger Telecom for $2.56 billion with a 35 percent stake in the company.[4]

References[edit]

  1. ^ "Saudi Oger Ltd.: Private Company Information". Businessweek. Retrieved 29 August 2012. 
  2. ^ "Profile & Executives - Saudi Oger Ltd". Bloomberg. Retrieved 20 September 2012. 
  3. ^ "Oger Telecom Limited: Private Company Information". Businessweek. Retrieved 3 October 2012. 
  4. ^ "Saudi Telecom says finalizes $2.6 bln Oger deal". Reuters. Retrieved 23 October 2012. "$2.56 billion) to buy 35 percent" 

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