HOME

TheInfoList



OR:

Saudi Oger Ltd (), was a Saudi construction company, incorporated in January 1978 with its headquarters in
Riyadh Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. Located on the eastern bank of Wadi Hanifa, the current form of the metropolis largely emerged in th ...
. 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 Rafic Bahaa El Deen al-Hariri (; 1 November 1944 – 14 February 2005) was a Lebanese businessman and politician who served as prime minister of Lebanon from 1992 to 1998 and again from 2000 to 2004. Hariri headed five cabinets during his tenu ...
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 The Saudi Telecom Company (shortened to stc; ), trading as STC Group provides ICT services in the Kingdom of Saudi Arabia, across the Middle East and Europe. The group offers landline and fixed infrastructure, mobile and data services, and br ...
(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. 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.


References

{{Reflist


External links


Official website
Construction and civil engineering companies established in 1978 Construction and civil engineering companies of Saudi Arabia Saudi Arabian brands Companies based in Riyadh Saudi Arabian companies established in 1978 Hariri family