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1986

Xerox

The Group establishes a company to sell Xerox equipment in the Kingdom.

1983

Occidental Petroleum Corp.

The Group acquires a significant stake in Occidental Petroleum Corp.

1980

First Chicago Corporation

The Group acquires a significant stake in First Chicago Corp.

1976

Athens Office Opens

Olayan Investments Company Establishment (OICE), the parent of The Olayan Group established in 1975, opens a branch office on Syngrou Avenue in Athens, Greece. A new office, pictured here, opened in the Athens suburb of Glyfada in 2000.

1975

Donaldson, Lufkin & Jenrette

The Group acquires a more than 5% equity holding in Donaldson, Lufkin & Jenrette (later increasing to nearly 25% before being sold to Equitable Life in 1985). The move establishes the Group's long-term international approach, involving substantial minority stakes in a highly selective core group of companies.

1975

London Office Opens

The Group opens an office in London.

1972

Jubail Industrial City

The Group's joint venture company with Bechtel is given the contract for the engineering and project management of Jubail Industrial City.

1971

New York Office Opens

The Group opens an office in New York.

1969

Kimberly-Clark

Olayan enters into an agreement with Kimberly-Clark to construct the first tissue converting plant in Saudi Arabia.

1956

Cummins, Kenworth, Atlas Copco

General Contracting Company (GCC) establishes a branch for heavy automotive equipment and parts. GCC becomes the exclusive distributor of Cummins engines, Kenworth trucks and Atlas Copco compressors, relationships that endure today.

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