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Saudi Oger

Saudi construction company (1978–2017)


Summary

Saudi construction company (1978–2017)

FieldValue
nameSaudi Oger Limited
شركة سعودي أوجيه المحدودة
logoSaudi oger logo.gif
logo_size100px
typePrivate
foundation
defunct31 July 2018
key_peopleSaad Hariri (Chairman)
Ayman Hariri (CEO)
homepage

شركة سعودي أوجيه المحدودة Ayman Hariri (CEO) Saudi Oger Ltd (), was a Saudi construction company, incorporated in January 1978 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 was a private company, wholly owned by the Rafik Hariri family. After struggling for a long period, Saudi Oger closed down on 31 July 2017.

Business lines

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

Criticism

Due to alleged mismanagement, corruption and falling oil prices, Saudi Oger suffered a significant financial impact, and failed to provide monthly salaries to its employees as of November 2015.

The French government appealed to the government of Saudi Arabia to assist 200 distressed French employees of Saudi Oger.

About 9,000 Filipino workers were appealing to both local officials and their country’s embassy to help them resolve their escalating labor problem in terms of eight to nine months’ salary due, since November 2015.{{cite web|url= http://www.arabnews.com/node/955001/saudi-arabia |title= Filipino expats seek to resolve salary dues

The company had recently shut down the canteen for foreign workers. Some workers continue to rely on food donations from some community groups and embassy personnel.

The workers cannot leave their accommodations because their residence permits known as “Iqama” have expired. Only their employers can renew the expired permits. This would entail enormous costs given the immigration penalties involved per worker. If caught, they will be given prison sentences. The expiration of their “Iqama” also complicates other matters, such as closing of bank account and inability to call home because retail outlets look for these permits before selling SIM cards or mobile-phone credits. Their lack of mobility due to lack of a valid permit also prevents these workers from going to the nearest embassy or consulate to seek help.

Crime has risen inside the workers’ accommodations and company premises. Company cars were overturned, housing units burned to the ground, and pickets have continued.

The reason why workers cannot leave the country is because they need to have a valid exit clearance to be able to leave, which only the management can provide. Most workers have already resigned from their jobs and filed for their exit clearances. However, the company could not provide airplane tickets, end of service benefits, and most importantly salaries which have resulted in their dire situation as stranded workers.{{cite web|url= http://www.manilatimes.net/stranded-in-saudi-arabia/274330/

References

References

  1. "Saudi Oger Ltd.: Private Company Information". Businessweek.
  2. "Profile & Executives - Saudi Oger Ltd". Bloomberg.
  3. (31 July 2017). "Struggling construction firm Saudi Oger shuts down - report".
  4. "Oger Telecom Limited: Private Company Information". Businessweek.
  5. "Saudi Telecom says finalizes $2.6 bln Oger deal". Reuters.
  6. "Saudi Oger Ltd.Angry workers burned vehicles".
  7. "L' appel au secours de 200 Français bloques en Arabie Saoudite".
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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