October 01, 2016 2:43 PM ET

Industrial Conglomerates

Company Overview of The Olayan Group

Company Overview

The Olayan Group, through its subsidiaries, provides product distribution, manufacturing, and services. It offers office automation technology, detection security products, physical security products, computers and software products, and technical services; warehousing and distribution, international supply chain management, value-added and pre-retailing, e-commerce, bonded warehousing, and information management services; and document systems and services. The company also engages in the distribution of finishing materials, building additives, and chemicals for the construction industry; extrusion and fabrication of aluminum architectural products in Saudi Arabia; and engineering, procureme...

P.O. Box 8772

Riyadh,  11492

Saudi Arabia

Founded in 1947

Phone:

966 11 474 9000

Fax:

966 11 474 9108

Key Executives for The Olayan Group

Chief Executive Officer and President
Age: 74
Principal
Age: 60
Vice President of Real Estate - US
Compensation as of Fiscal Year 2016.

The Olayan Group Key Developments

Texas Chicken Signs Agreement with the Olayan Group to Boost Expansion in Middle East

Texas Chicken signed agreement with The Olayan Group to boost expansion in middle east. The new agreement finalized with experienced restaurant franchise partner, The Olayan Group will lead to the opening of 63 new Texas Chicken restaurants over the next several years in the Kingdom of Saudi Arabia, The United Arab Emirates, Qatar, Egypt, and Oman. The new Texas Chicken locations will further expand upon existing market presence. Leading the expansion, The Olayan Group will be leveraging its experience in both quick-service restaurants and the Middle East region. The franchise giant already operates 32 major-brand quick-service restaurants in the UAE, and at least two more in Egypt. The first of the many restaurants to come is already up and running in Mecca. It also happens to be one of the first on the international scene to showcase the new Texas Chicken STAR Initiative Design.

Texas Chicken Announces Franchise Agreement with The Olayan Group

Texas Chicken announced that new agreement finalized with The Olayan Group. The agreement will lead to the opening of 63 new Texas Chicken restaurants over the next several years in the Kingdom of Saudi Arabia, The United Arab Emirates, Qatar, Egypt, and Oman. The new Texas Chicken locations will further expand upon existing market presence. Leading the expansion, The Olayan Group will be leveraging its extensive experience in both quick-service restaurants and the Middle East region. The franchise giant already operates 32 major-brand quick-service restaurants in the UAE, and at least two more in Egypt. The Olayan Group will be solidifying their presence in these areas and aggressively pursuing new opportunities. Oman and Qatar will be new markets to be developed by Olayan leveraging their strength and familiarity with the quick-service restaurant industry to successfully grow the Texas Chicken brand. The first of the many restaurants to come is already up and running in Mecca. It also happens to be one of the first on the international scene to showcase the new Texas Chicken STAR Initiative Design. Fresh, contemporary décor and an inviting dine-in experience are at the heart of the design update to restaurant interiors and exteriors. Future restaurants in the 63-location agreement will also feature elements of the STAR Image update. As well, it is planned that this new, huge Middle East market will see a number of menu variations inspired by regional tastes alongside the brand's classic offerings such as hand-battered fried chicken, sandwiches, home-style sides, and Honey Butter Biscuits.

Cummins Inc. and The Olayan Group Announces Formation of Cummins Arabia, a 50:50, Three-Country Distribution Joint Venture Company in the Middle East

Cummins Inc. and The Olayan Group announced the formation of Cummins Arabia, a 50:50, three-country distribution joint venture company in the Middle East. This joint venture consolidates the distribution of Cummins products in the United Arab Emirates (UAE), Saudi Arabia and Kuwait. Those products are currently distributed by Cummins’ wholly-owned UAE distributor and Olayan-owned independent distributors – General Contracting Company (GCC) in Saudi Arabia and General Transportation and Equipment (GTE) in Kuwait. The partnership allows Cummins to greatly expand access to the Saudi and Kuwaiti markets and operate closer to its customer base. At the same time, it will provide a valuable platform for the training and employment of nationals in each country. The joint venture entity will be formed and the new operating structure implemented in the second half of 2016. It will be headquartered in Saudi Arabia. Plans are underway to build dedicated facilities there. The consolidation of joint activities under this new entity provides opportunities for both companies to better align goals and work as one company, delivering the full power of the Cummins brand to meet every customer need and grow market share. Equally as important, the joint venture allows Cummins and Olayan to achieve greater scale, improve parts availability and inventory management, and centralize specific functional support across these countries to provide enhanced and consistent, world-class service to customers in the region.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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