January 2004
Middle East;Jan2004, Issue 341, p41
Middle East-based Saudi Oger company has acquired 11% of Arab Bank's shares for approximately $375 million. The company plans to retain most of the acquired stock and sell the rest to social security funds in the Kingdom and Jordan. The Bahrain Monetary Agency is launching a $50 million issue of Government Islamic leasing bonds. The upcoming issue carries a maturity of three years and minimum subscription has been set at $10,000, which is also the par value of each bond.


Related Articles

  • BMA Islamic bonds to arrive in September.  // MEED: Middle East Economic Digest;7/7/2000, Vol. 44 Issue 27, p10 

    Reports that Bahrain Monetary Agency is preparing to launch the first of three differently structured Islamic government bonds in September 2000. Short-term Bai Salam Sukuk; Islamic Leasing Sukuk; Islamic Development Sukuk.

  • Oger ups Arab Bank stake.  // MEED: Middle East Economic Digest;12/5/2003, Vol. 47 Issue 49, p26 

    Reports on the move of Saudi Oger to acquire a percentage of stake at Arab Bank as of December 2003. Worth of the deal; Terms of the deal; Value of assets of Arab Bank.

  • Public Debt Weighs Jordan Banks.  // Emerging Markets Monitor;3/22/2004, Vol. 9 Issue 47, p17 

    Looks at the extent of the pressure facing Jordan's government finances in 2004 due to the economic impact of the war in Iraq. Factors that contribute to the rise in public debt; Yield on government development bond; Decline in profits posted by the Arab Bank in 2003.

  • BMA to issue Islamic money market tools.  // MEED: Middle East Economic Digest;3/10/2000, Vol. 44 Issue 10, p4 

    Focuses on the Bahrain Monetary Agency's plan to issue Islamic government bonds and treasury bills. Expected launch of the instruments by the end of 2000; Significance of developing both a primary and a secondary market in Islamic short-term money market tools.

  • Saudi Arabia.  // MEED: Middle East Economic Digest;4/18/1997, Vol. 41 Issue 16, p16 

    Reports that Saudi Oger has been awarded the contract to build a national museum and develop the surrounding areas of a site in the Qasr al-Murabba area of Riyadh, Saudi Arabia. Cost of the project; Main components of the scheme.

  • Oger increases Riyadh university workforce.  // MEED: Middle East Economic Digest;5/14/2010, Vol. 54 Issue 20, p18 

    The article reports that Saudi Oger Ltd. has increased labor force by 8,000 workers who will complete the Princess Noura bint Abdulrahman University for Women in Riyadh, Saudi Arabia.

  • Takeover planned for troubled Saudi Oger. Khan, Sarmad; Foreman, Colin // MEED Business Review;Sep2016, Vol. 1 Issue 8, p72 

    The article reports on plans for takeover of construction contractor Saudi Oger by private investors, and lenders pursuing Saudi Oger to recover outstanding loans.

  • HELPING TO DESTROY THE FAMILY. Galak, Michael // Quadrant Magazine;Dec2011, Vol. 55 Issue 12, p126 

    The author discusses the dangers in trying to fill in the space left by the disintegration of the traditional family in Australia. He illustrates a situation in which the couple are working under assumed names and got paid cash in hand so as not to jeopardise their Social Security (SS) payments....

  • Saudi Oger wins contract to build cultural centre. Roberts, Jeff // MEED: Middle East Economic Digest;5/14/2010, Vol. 54 Issue 20, p10 

    The article reports that Saudi Aramco has selected Saudi Oger Ltd. to construct the King Abdulaziz Center for Knowledge and Culture in Saudi Arabia.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics