Olayan Group

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Olayan Group
Native name
مجموعة العليان
TypePrivate
Founded1947; 75 years ago (1947)
FounderSulaiman S. Olayan
Headquarters
Saudi Arabia
Key people
 (Chairman)
(Group President)
(CEO Olayan Americas)
Lubna S. Olayan (CEO Olayan MENA)
Number of employees
35,000
Websitehttp://www.olayan.com

The Olayan Group (Arabic: مجموعة العليان), is a Saudi conglomerate established in 1947[1][2] by Sulaiman S. Olayan (5 November 1918 - 4 July 2002). His son Khaled S Olayan (born July 1945) [3] and his three daughters Lubna, Hayat and Hutham Olayan all sit on the Board of The Olayan Financing (OFC) the holding entity for the Olayan Group's operations in the Middle East.[4]

The Olayan Group traces its origins back to the General Contracting Company (GCC), founded to work on the construction of the Trans-Arabian Pipeline alongside the American contracting company Bechtel. In the 1950s, Olayan created trading and insurance companies, and began investing in New York City and London markets. Since then, the group has diversified its activities with the establishment of affiliates and partnerships in many industries. Currently, the group has activities in construction, trading, food processing and restaurants, cleaning products, paper, plastics and fiber, office equipment and other industries. The group is also the bottler and distributor of Coca-Cola in Saudi Arabia.

Among the group's international partners are AlphaGraphics, BP Solar, Credit Suisse, Carrefour, HSBC, JP Morgan, Chase Manhattan, Coca-Cola, Bechtel, Morgan Stanley, Goldman Sachs, Kimberly-Clark, Sama Airlines, Colgate-Palmolive, CS First Boston, Toshiba, Xerox, Burger King, Kraft Foods, Baxter International, Occidental Petroleum, Cardinal Health, Scania AB, Texas Chicken, and much more.

The Olayan Group invests internationally in both public and private equities, including real estate, as well as in fixed income securities. Its multibillion-dollar portfolio is concentrated in North America, Europe, Asia and the Middle East.

References[]

  1. ^ "The Olayan Group: Private Company Information". Businessweek. Retrieved 29 August 2012.
  2. ^ "Company Overview of The Olayan Group". bloomberg.com. Retrieved 24 May 2017.
  3. ^ Olayan Group/
  4. ^ Pendleton, Devon. "This Saudi Billionaire Can Run a Business But Not Drive". bloomberg.com. Retrieved 24 May 2017.


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