Akram Ojjeh
{{Short description|Syrian-Saudi businessman (1918–1991)}}
{{Infobox person
|name = Akram Ojjeh
|image =
|caption =
|birth_name = Akram Ojjeh
|birth_date = {{birth date|1918|04|21|df=y}}
|birth_place = Damascus, Occupied Enemy Territory Administration
|death_date = {{Death date and age|1991|10|28|1918|04|21|df=y}}
|death_place = France
|nationality = Saudi Arabian
|alma_mater =
|occupation = Businessman
|years_active =
|boards =
|spouse = Irene, Renate & Nahed
|children = Nadia
Salma
Laila
Mansour
Aziz
Karim
Sultan
Akram Jr
|parents =
|signature =
|website =
}}
Akram Ojjeh ({{langx|ar|أَكْرَم عُجَّة|ʾAkram ʿUjjah}}; 21 April 1918 – 28 October 1991) was a Syrian businessman.{{Citation |title=Tages-ordnung |date=1890-12-31 |url=http://dx.doi.org/10.1515/9783111599526-008 |work=Die New-Yorker Staatliche Besserungsanstalt zu Elmira |pages=38–41 |access-date=2023-12-08 |publisher=De Gruyter}} 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.
Techniques d'Avant Garde, (TAG)
Ojjeh founded Techniques d'Avant Garde, an investment company focused on advanced technologies.{{cite web|url =http://www.mclaren.com/partners/group.php|title=The McLaren Group|access-date =17 April 2007|year=2007|work = www.mclaren.com|publisher = McLaren Group|archive-url=https://web.archive.org/web/20070416082339/http://www.mclaren.com/partners/group.php|archive-date= 16 April 2007 | url-status= live}}
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.
TAG was formed in 1977 and was led by Akram's son Mansour{{Sfn|Business Week|2012}} until his death in 2021.
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.{{Sfn|CNN Money|1999}}
TAG Group is now primarily a holding company for Ojjeh shareholdings in TAG Aviation and MTG.
Al-Yamamah arms deal
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."{{cite news| first=Marie|last=Colvin|title= Chasing the truth with AK the arms dealer|work = Sunday Times|publisher = Times Newspapers|date=16 October 1994}} British Aerospace went on to win what became the Al-Yamamah arms deal.
SS ''France'' liner
Akram Ojjeh purchased the ocean liner SS France in October 24, 1977, for 80 million francs. On June 25, 1979, he sold her to Knut Kloster, the owner of Norwegian Caribbean Line, for 77 million francs.
Personal life
Ojjeh is of Damascene origin.{{Cite book |last=Dagher |first=Sam |url=https://www.worldcat.org/oclc/1101180175 |title=Assad or we burn the country : how one family's lust for power destroyed Syria |date=2019 |isbn=978-0-316-55672-9 |edition=First |location=New York |oclc=1101180175}}
He married four times. He was first married to a French woman with whom he had five children, including Mansour and Aziz.{{cite web|title=Mansour Ojjeh|url=http://www.grandprix.com/gpe/cref-ojjman.html|publisher=F1 News|accessdate=6 July 2012}}{{cite web|last=Padfield|first=R. Randall|title=EBACE 2011: TAG Aviation Focusing on Growth in Europe and Asia|url=http://www.ainonline.com/aviation-news/ebace-convention-news/2011-05-18/ebace-2011-tag-aviation-focusing-growth-europe-and-asia|publisher=AIN|accessdate=6 July 2012|date=19 May 2012}} He later married Nahed Tlass (born 1958), who is the daughter of former Syrian Defense Minister Mustafa Tlass.{{cite news|title=Defection of Syrian general 'significant': US|url=https://www.google.com/hostednews/afp/article/ALeqM5j9WkeMpOQV4iKzcOBdPo5gIfSBKg?docId=CNG.9c5b4c77a9a3ad4710ca2a4a8b25c021.b11&index=0|archive-url=https://web.archive.org/web/20140224145403/http://www.google.com/hostednews/afp/article/ALeqM5j9WkeMpOQV4iKzcOBdPo5gIfSBKg?docId=CNG.9c5b4c77a9a3ad4710ca2a4a8b25c021.b11&index=0|url-status=dead|archive-date=February 24, 2014|accessdate=6 July 2012|newspaper=AFP|date=6 July 2012}}
Awards
In the 1970s, the French awarded Ojjeh with one of their highest state orders, Commander of the Legion of Honor.{{Cite news |date=2006-10-02 |title=Les dîners de madame Ojjeh |language=fr |work=Le Monde.fr |url=https://www.lemonde.fr/a-la-une/article/2006/10/02/les-diners-de-madame-ojjeh_819062_3208.html |access-date=2022-03-17}}
See also
References
{{Reflist|colwidth=33em}}
{{Refbegin}}
- {{cite web
|url = http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=8161409
|title = Company Overview of TAG Group (Holdings) S.A.
|year = 2012
|work = investing.businessweek.com
|publisher = Bloomberg L.P
|archive-url = https://web.archive.org/web/20130602112946/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=8161409
|archive-date = 2013-06-02
|access-date = 2012-05-22
|quote = TAG Group (Holdings) S.A. was founded in 1977 and is based in Luxembourg, Luxembourg.
|ref = {{SfnRef|Business Week|2012}}
|url-status = dead
}}
- {{cite web
|url = https://money.cnn.com/1999/09/13/europe/lvmh/
|title = TAG accepts LVMH bid
|date = 1999-09-13
|work = money.cnn.com
|publisher = Cable News Network
|archive-url = https://web.archive.org/web/20120206172915/http://money.cnn.com/1999/09/13/europe/lvmh/
|archive-date = 2012-02-06
|access-date = 2012-05-22
|quote = ...TAG Heuer...said it would recommend a $740 million cash offer for all its shares by the French luxury goods company LVMH Moet Hennessy.
|ref = {{SfnRef|CNN Money|1999}}
|url-status = dead
}}
{{Refend}}
{{Authority control}}
{{DEFAULTSORT:Ojjeh, Akram}}
Category:20th-century Saudi Arabian businesspeople
Category:Syrian emigrants to Saudi Arabia
Category:Saudi Arabian people of Syrian descent
Category:Syrian businesspeople
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