Olayan Group facts for kids
 |
|
| Private | |
| Founded | 1947 |
| Founder | Suliman S. Olayan |
| Headquarters | , |
|
Key people
|
Khaled S. Olayan (director) Hutham S. Olayan (director) Lubna S. Olayan (director) |
The Olayan Group is a very large company that works all over the world. It was started in 1947 by a person named Suliman S. Olayan. This company manages many different investments around the globe.
The main office for the Olayan Group is in Vaduz, Liechtenstein. But they also have offices in big cities like New York, London, and Singapore. Another important office is in Riyadh, which handles their business in the Middle East and North Africa (MENA) region.
The Olayan Group puts its money into many things. This includes parts of companies that are traded publicly (like on a stock market) and private companies. They also invest in buildings and land, which is called real estate. Their investments are worth billions of dollars. You can find their projects in North America, Europe, Asia, and the Middle East.
How The Olayan Group Started
The Olayan Group began in 1947. It started as a company called General Contracting Company (GCC). This company helped build a very important oil pipeline called the Trans-Arabian Pipeline. They worked together with an American construction company named Bechtel.
Growing the Business
In the 1950s, the Olayan Group started new types of businesses. They created companies that helped with buying and selling goods, which are called trading companies. They also started businesses that offered insurance. Insurance helps protect people and companies from financial losses.
At the same time, the group began to invest in big financial markets. They put money into markets in New York City and London. Over the years, the Olayan Group has grown a lot. They now have many different companies and partnerships in many different industries.
