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During a turbulent time in the US stock market, the Group steps up to anchor the historic MetLife IPO by acquiring 12.4% of the offering.
Suliman S. Olayan's biography, 'From Unayzah to Wall Street' is published.
The Group marks its 50th Anniversary.
The Group acquires a 12% economic interest in Britain's National Grid.
The Coca-Cola Bottling Company of Saudi Arabia establishes the first of three bottling plants in the Kingdom.
The Group acquires a 5.3% stake in Chase Manhattan Corporation.
The Group enters into an exclusive arrangement with Burger King Restaurants for large areas of the Middle East. Olayan Food Services Company soon opens the first Burger King restaurant in Riyadh.
The Group enters into a joint venture with Colgate-Palmolive covering the entire Arabian Gulf region.
The Group purchases a substantial ownership interest in CS First Boston. By 1998 this will become a 5% stake in Credit Suisse Group.
An agreement with The Coca-Cola Company establishes the Saudi franchise for Coca-Cola products and services.