The Group establishes a company to sell Xerox equipment in the Kingdom.
Occidental Petroleum Corp.
The Group acquires a significant stake in Occidental Petroleum Corp.
First Chicago Corporation
The Group acquires a significant stake in First Chicago Corp.
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.
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.
London Office Opens
The Group opens an office in London.
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.
New York Office Opens
The Group opens an office in New York.
Olayan enters into an agreement with Kimberly-Clark to construct the first tissue converting plant in Saudi Arabia.
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.