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The Olayan Group recently received recognition for two commitments in the health care field in Saudi Arabia.

Lighthouse International of New York and the Ebsar Foundation of Jeddah jointly announced the release of a groundbreaking, Web-based learning program to help health care professionals work more effectively with adults who have low vision or no vision.

The new Lighthouse Mult-E-Skills Vision Rehabilitation Training Program© is a for-credit  continuing education course in English and Arabic.  Its development was made possible by a two-year grant from The Olayan Group.

Credit Suisse Group announced it has executed a definitive agreement with strategic investors, Qatar Holding LLC and The Olayan Group, to issue an aggregate of approximately CHF 6 billion of Tier 1 buffer capital notes to be paid up no earlier than October 2013 for cash or in exchange for Tier 1 capital notes issued in 2008. This form of contingent capital will satisfy an estimated 50% of the high trigger contingent capital requirement under FINMA rules as part of the proposed Swiss TBTF-regime.

Senior vice president for investments at Olayan America, Camile Saba, moderated a conversation with David Rubenstein of The Carlyle Group at the Harvard Club in New York City on Feb. 1.  The event was hosted by the Arab Bankers Association of North America (ABANA), a not-for-profit professional association with members from the financial services industry in the Arab world and North America.

The Suliman S. Olayan School of Business (OSB) of the American University of Beirut (AUB) celebrated its 10th anniversary on Oct. 29.  Hutham S. Olayan, an AUB alumna and trustee, represented The Olayan Group at the event, which was held at the business school’s new premises overlooking the Mediterranean in downtown Beirut.

Also attending were Lebanese Prime Minister and AUB Trustee Saad Hariri, guests from distinguished US and European business schools, and AUB officials, faculty, supporters, and business students.

Lubna S. Olayan co-chaired the World Economic Forum (WEF) on the Middle East and North Africa which took place in Marrakech, Morocco, October 26-28.  Ms. Olayan led a delegation from The Olayan Group and took part in several panels discussing a range of issues in the Middle East, including the economy, employment, education, and the youth bulge.

The Olayan Group has taken a major position in a new fund created by Credit Suisse (CS) that will specialize in emerging markets.

CS announced its plans to launch the fund on Aug. 12.  It said the fund “will have in excess of $1 billion in committed capital, with a small group of Credit Suisse’s key shareholders to opportunistically pursue credit investments in global emerging markets.”

The MasterCard Foundation has announced the appointment of Hutham S. Olayan to its board of directors.

“The board of directors of The MasterCard Foundation is distinguished by its global outlook and experience,” said Lois Juliber, chairman of the board and retired vice chairman and chief operating officer of Colgate-Palmolive Company. “Hutham’s perspective, influenced by her experience across multiple global markets, will be of tremendous value as the Foundation continues its work on microfinance and youth education worldwide. We are delighted to have her join the board.”


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