THE MIDDLE EAST’S

5. Olayan Financing Company (OFC)

Established: 1947
Country: Saudi Arabia
Chair of the Executive Committee and Deputy Chair: Lubna S. Olayan

OFC is the parent company of the Olayan Group, which was founded in 1947 as the General Contracting Company. Today, the group has a diverse industrial, commercial, and investment portfolio. The Olayan Group has offices in Vaduz, London, New York, Athens, Luxembourg, Singapore, and Riyadh. Its real estate projects include 550 Madison, New York City, the Mandarin Oriental Ritz, Madrid, and The Knightsbridge Estate. In June 2023, the group supported the Asia Climate Solutions Design Grant in its first round of funding. In October 2023, the Olayan Financing Company formed a joint venture with LanzaTech Global to deploy carbon recycling technology in Saudi Arabia.