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Huhtamaki of Finland announced on March 22 that it has upped its stake from 40% to 50% in Arabian Paper Products Company. APPCO is a joint venture between Huhtamaki and The Olayan Group.

APPCO’s operative territory currently includes the countries of the Gulf Cooperation Council. Huhtamaki stated: “With the expansion of the joint venture relationship Huhtamaki continues to implement its growth strategy and strengthens its position in Middle East and North Africa."

The joint venture plans to expand its product line to include other Huhtamaki foodservice packaging products.

IBM released the following statement today:

ARMONK, N.Y.--The IBM (NYSE:IBM) board of directors today elected Hutham S. Olayan to the board effective January 1, 2016. Ms. Olayan, 61, is a principal, director and senior executive of The Olayan Group, a private multinational enterprise that is both an international investor and diversified commercial and industrial business in Saudi Arabia.

Below is a preview of an article published in the September 15, 2015, issue of Fortune magazine on the occasion of Lubna Olayan being listed at number 16 on their list of Europe, Middle East, and Africa Most Powerful Women List

To access the full article please click here.


This CEO is Helping Saudi Women Break A Gender Barrier

by Erika Fry 

SEPTEMBER 14, 2015