Akram Ojjeh (21 April 1918 – 28 October 1991) was a Syrian-born Saudi businessman. Ojjeh was an intermediary in deals between Saudi Arabia and France, particularly arms sales. Ojjeh founded Techniques d'Avant Garde, an investment company focused on advanced technologies.
21 April 1918
|Died||28 October 1991 (aged 73)|
|Spouse(s)||Irene, Renate & Nahed|
Techniques d'Avant Garde, (TAG)Edit
TAG Group (Holdings) S.A. generates revenue through its various subsidiaries that offer products and services in the business aviation, motorsports, hospitality, consumer products and real estate industries.
In 1985, TAG Group (Holdings) S.A. purchased Swiss watchmaker Heuer. TAG Group combined the TAG and Heuer brands to create the TAG Heuer brand and also gave its newly acquired watchmaking subsidiary the combined TAG Heuer name. Under TAG Group's ownership, TAG Heuer modernised its product line and significantly increased worldwide sales. LVMH purchased the TAG Heuer subsidiary in 1999 for US$740 million.
TAG Group is now primarily a holding company for Ojjeh shareholdings in TAG Aviation and MTG.
Al-Yamamah arms dealEdit
Ojjeh was involved in the marketing of the French Mirage 2000 fighter jet to Saudi Arabia in competition with the British Tornado. Adnan Khashoggi said in 1994 that Ojjeh was persuaded by the British sales team to "drop his role as 'fixer' for the French." British Aerospace went on to win what became the Al-Yamamah arms deal.
SS France linerEdit
Ojjeh was married four times. He was first married to a French woman with whom he had five children including Mansour and Aziz. He later married to Nahed Tlass (born 1958) who is the daughter of former Syria Defense Minister Mustafa Tlass.
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TAG Group (Holdings) S.A. was founded in 1977 and is based in Luxembourg, Luxembourg.
- "TAG accepts LVMH bid". money.cnn.com. Cable News Network. 1999-09-13. Archived from the original on 2012-05-22. Retrieved 2012-05-22.
...TAG Heuer...said it would recommend a $740 million cash offer for all its shares by the French luxury goods company LVMH Moet Hennessy.
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