Riyadh - Mubasher: The data of the Saudi Stock Exchange (Tadawul) for Sunday’s session showed a decline in Saudi Oger Company’s stake in the Saudi Investment Bank by 2.81%, from 8.58% last week to 5.77% on 16 April.
Media sources said in November that Saudi Oger has reached an initial agreement to sell a 20% stake in Jordan’s Arab Bank for $1.1 billion to Fawaz Al Hokair Group, to cover some of its debts.
It was also reported that Saudi Oger started talks to sell a stake in a Dubai-based telecommunications provider after missing a payment on a $4.75 billion loan.
