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Olayan Financing Company has acquired 51% of Gulf Union Foods Company (GUFC), a leading beverage maker in Saudi Arabia and the Gulf that specializes in fruit juices. 

As part of the transaction, Jadwa Investment, a Saudi private equity house and investment bank, sold its entire 30% stake in GUFC to Olayan Financing Company (OFC). Based in Riyadh, OFC is the Middle East arm of The Olayan Group.

On June 25, The Olayan Group, in association with Chelsfield, completed the purchase of the Paris real estate portfolio from Risanamento S.p.A., the Italian publicly listed real estate company. The value of the acquisition makes this the largest single real estate deal The Olayan Group has undertaken to date.

The Olayan Group, in a joint venture with Morgan Properties, has acquired the American Mid-Atlantic Portfolio from Berkshire Property Advisors.

The 2,671-unit multifamily portfolio is comprised of nine separate apartment communities located in the Maryland towns of Parkville, Laurel, Fort Washington, and Hyattsville as well as in Newport News, Virginia. The portfolio is concentrated in the Maryland-Washington, DC, corridor, a robust employment hub.