The data of the Saudi Stock Exchange (Tadawul) showed a decline in Saudi Oger Company’s stake in the Saudi Investment Bank earlier this week by 2.81 percent, from 8.58 percent last week to 5.77 percent on 16 April.
Read more: Saudi Oger Sells 20 Percent Stake In Jordan's Arab Bank
Media sources said in November that Saudi Oger has reached an initial agreement to sell a 20 percent 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.
Saudi Oger is a private company, wholly owned by the Rafik Hariri family.
