France’s Oger International says that since 5 March it has been controlled by Jordanian investor Al-Khawaja, who now holds 100 per cent of the capital through the French company AMK Capital Investment.

The firm previously worked extensively in Saudi Arabia providing design, engineering and project management services for Riyadh-based contractor Saudi Oger. Payment problems on its projects meant that Oger International entered into a restructuring with an 18-month debt freeze, with the objective of addressing its temporary cash flow difficulties and reorganising the company.

The acquisition by Al-Khawaja coincides with the end of the job protection plan and the conclusion of the business protection procedures endorsed by a French court on 15 February 2018.