News

First Interior Designs Announced for 550 Madison

October 22, 2019

The Olayan Group has released the first details of the interior revitalization of 550 Madison, Philip Johnson and John Burgee’s famous Postmodern icon that is being brought back to life as a boutique luxury office tower.

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Camile Saba to Succeed Robert Leary as Group CEO

July 9, 2019

In an internal promotion, The Olayan Group has named Camile Saba to succeed Robert Leary as its global chief executive officer.  The change takes effect on August 1, 2019.

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Lubna Olayan Retires as CEO of Olayan Financing Co.; Jonathan Franklin Named New CEO

April 29, 2019

Effective May 1, Lubna Olayan will retire as CEO of Olayan Financing Company (OFC), the Group’s Riyadh-based investment arm and holding company for the Middle East.  Ms. Olayan will remain a key member of the Group’s Corporate Board of Directors, Shareholders’ Board, and Olayan Family Council.  She will also continue to lead the Group’s philanthropic activities as president of the Suliman S. Olayan Foundation. Jonathan Franklin, a senior executive at OFC, will take over as the company’s new CEO, also on May 1.

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Landmarks Preservation Commission Approves Design for 550 Madison

February 12, 2019

The New York City Landmarks Preservation Commission (LPC) today approved the new preservation-led design for 550 Madison, the landmark commercial tower in East Midtown.

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Hutham Olayan to Chair Olayan Group Board

August 13, 2018

Hutham Olayan has been named the new chairperson of The Olayan Group’s Corporate Board.  Ms. Olayan succeeds Aziz Syriani, who has chaired the board since its formation in 2013 and will remain a director.  The change will take effect at the board’s next meeting in October 2018.

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