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What is Olayan Investments Company Establishment mean?
The Olayan Group (Arabic: مجموعة العليان), is a Saudi conglomerate established in 1947 by Sulaiman S. Olayan (5 November 1918 - 4 July 2002). His son Khaled S Olayan (born July 1945) 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.
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.
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Posted on 16 Sep 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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