Suliman began investing internationally in the early 1960s with a small portfolio of US-listed companies. He bought minority stakes in corporations such as First Chicago, Occidental Petroleum, Transamerica, CS First Boston and Chase Manhattan among others, including European names such as National Grid of the UK.
Under Suliman’s leadership, The Olayan Group expanded into private equities, real estate, and other alternative asset classes including direct investments and investments with leading regional and international partners.
Suliman also expanded the Group’s geographic presence. In 1959, he opened a commercial and financial office in Beirut to support his growing commercial businesses in Saudi Arabia. In the 1970s he opened offices in New York, London, and Athens to support the Group’s international financial and investment activities.
Photo: Prestigious property in central Paris, 8th Arrondissement, acquired in 2014.