Lubna Olayan

Lubna Al-Olayan was born in Khobar, in the Eastern Province, and is the youngest child of Sheikh Sulaiman Al-Olayan, who is also the founder of the Olayan Group. Lubna serves as the CEO of Olayan Financing Group.{{Cite web |date=2017-07-27 |title=مسيرة سيدة الأعمال السعودية لبنى العليان |url=https://web.archive.org/web/20170727044632/http://hayatouki.com/her-stories/content/1813047-%D9%85%D8%B3%D9%8A%D8%B1%D8%A9-%D8%B3%D9%8A%D8%AF%D8%A9-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%84%D8%A8%D9%86%D9%89-%D8%A7%D9%84%D8%B9%D9%84%D9%8A%D8%A7%D9%86 |access-date=2025-04-05 |website=web.archive.org}} She also worked at Morgan Guaranty Trust Bank in New York City from 1979 to 1981, before returning to Saudi Arabia to work again with the Olayan Company. She obtained a Bachelor of Science in Agriculture from Cornell University in the United States and a Master's degree in Business Administration from Indiana University.{{Cite web |last=Manhom |title=Lubna Olayan |url=https://manhom.com/en/profiles/lubna-olayan/ |access-date=2025-04-05 |website=Manhom {{!}} Personalities and Institutions Portal |language=en}}{{Cite web |date=2025-01-06 |title=Lubna al-Olayan |url=https://saudipedia.com/en/article/3572/figures/economists/lubna-al-olayan |access-date=2025-04-05 |website=Saudipedia |language=en}}

She has been on the boards of WPP and Saudi Hollandi Bank (now Alawwal Bank),[https://gulfnews.com/business/banking/lubna-olayan-first-saudi-woman-to-chair-bank-in-saudi-arabia-1.2286417 Lubna Olayan first Saudi woman to chair bank in Saudi Arabia] Gulf News as well as the International Advisory Boards of Rolls-Royce and Citigroup.{{Cite web |date=2009-07-06 |title=Mrs. Lubna S. Olayan {{!}} Biographies {{!}} KAUST |url=http://www.kaust.edu.sa/bios/bio-olayan.aspx?nav=admin |archive-url=https://web.archive.org/web/20090706060025/http://www.kaust.edu.sa/bios/bio-olayan.aspx?nav=admin |archive-date=6 July 2009 |access-date=31 August 2020}}

Olayan was the Chief Executive Officer of Olayan Financing Company, and{{cite web|url=https://olayan.com/lubna-olayan-retires-ceo-olayan-financing-co-jonathan-franklin-named-new-ceo|title=Revealed: Lubna Olayan Retires as CEO of Olayan Financing Co.; Jonathan Franklin Named New CEO|publisher=Olayan|access-date=26 June 2019}} (OFC), the holding entity for The Olayan Group's operations in the Kingdom of Saudi Arabia and the Middle East until May 1st 2019, when she was replaced by Jonathan Franklin. She is on the board of the group along with her brother Khaled and sisters Hayat and Hutham. It is thought that the private family has accumulated a fortune that tops $10 billion. The group was founded in 1947 by her father, the late entrepreneur Sulaiman S. Olayan, The Olayan Group is a private multinational enterprise engaged in distribution, manufacturing, services and investments. OFC operates or actively participates in more than 40 companies, often in partnership with leading multinationals. OFC is also one of the largest investors in the Saudi and regional stock markets. In April 2019, Olayan announced her retirement as CEO of Olayan Financing Company.[https://olayan.com/lubna-olayan-retires-ceo-olayan-financing-co-jonathan-franklin-named-new-ceo Lubna Olayan Retires as CEO of Olayan Financing Co.; Jonathan Franklin Named New CEO] Olayan.com

On 16 June 2019, Olayan was named Chairwoman of the Saudi British Bank (SABB),[https://www.argaam.com/en/article/articledetail/id/613811 SABB names Lubna Olayan as new chairperson] Argaam making her the first Saudi woman to head a bank.[https://www.bbc.com/news/world-middle-east-45763656 Lubna Al Olayan appointed as first woman Saudi bank head] BBC She was reappointed in January 2020 to serve a three year term, and assumed to hold to the position after the merger between SABB and Alawwal Bank.[http://english.alarabiya.net/en/business/economy/2018/10/04/Lubna-al-Olayan-first-Saudi-woman-to-chair-merged-SABB-Alawwal-Bank.html Lubna Olayan, first Saudi woman to chair merged SABB, Alawwal Bank] Alarabiya[https://www.thenational.ae/business/saudi-british-bank-appoints-lubna-olayan-as-chairwoman-for-three-year-term-1.958618 Saudi British Bank appoints Lubna Olayan as chairwoman for three-year term] The National[https://www.arabianbusiness.com/banking-finance/436601-lubna-olayan-takes-chair-of-saudi-british-bank Lubna Olayan takes chair of Saudi British Bank] Arabian Business In January 2023, she was again re-elected as the Chair of the Board of Directors (BOD) for another three-year term.[https://intlbm.com/2023/01/05/lubna-olayan-re-elected-as-chair-of-board-of-directors-sabb/ Lubna Sulaiman Olayan re-elected as Chair of BOD at SABB] International Business Magazine

Olayan joined the Board of Directors of INSEAD in December 2005, and has been a member of its International Council since March 1997. In April 2007, she was elected as a member of the Board of Trustees for Cornell University.[http://news.cornell.edu/stories/2010/04/cornell-honors-lubna-olayan-entrepreneurship CU honors Lubna Olayan as 25th Entrepreneur of the Year] Cornell Chronicle Olayan also joined the Advisory Board of Effat College, a private and non-profit girls college in Jeddah, Saudi Arabia, in April 2006. She is also a board member at Alfanar.[https://www.alfanar.org/lubna-s-olayan Lubna S. Olayan] alfanar.org She has been on the Board of Trustees of the "Arab Thought Foundation" since January 2002. Olayan was elected to the Board of the Down Syndrome Charitable Association in June 2005, a not-for-profit organization based in Riyadh. She was also appointed to the Board of Trustees of King Abdullah University for Science and Technology (KAUST). In June 2018, she was elected as a member of the MIT Corporation.[http://news.mit.edu/2018/mit-corporation-elects-10-term-members-two-life-members-0607 MIT Corporation elects 10 term members, two life members] MIT In 2010, she was awarded the Cornell Entrepreneur of the Year.{{cite web|title=Lubna Olayan named Cornell Entrepreneur of the year 2010|url=http://www.news.cornell.edu/stories/March10/OlayanEntrepreneur.html|access-date=25 February 2013|publisher=Cornell Chronicle}} As of 2014, she is listed as the 86th most powerful woman in the world by Forbes.{{cite web |title=The World's 100 Most Powerful Women |url=https://www.forbes.com/power-women/list/2/#tab:overall |access-date=26 June 2014 |work=Forbes}} Olayan serves on the Board of Trustees of the World Economic Forum.{{Cite web |title=Leadership and Governance - World Economic Forum |url=https://www.weforum.org/about/leadership-and-governance/}}

She is married to John Xefos, an international attorney from the United States, and they have three daughters all residing in Riyadh, Saudi Arabia. She is the daughter of Saudi billionaire businessman Sulaiman Olayan.{{Cite web |title=User Profile {{!}} MIT Solve |url=https://solve.mit.edu/users/lubna-olayan |access-date=2024-09-22 |website=solve.mit.edu |language=en}}

{{reflist}}

• [https://web.archive.org/web/20110904062852/http://www.arabbankers.org/shared/custompage/custompage.jsp?_event=view&_id=445505_c_sU127360_s_i148955 Lubna Olayan], Bio, Arab Bankers Association of North America
• [https://web.archive.org/web/20090706060025/http://www.kaust.edu.sa/bios/bio-olayan.aspx?nav=admin Mrs. Lubna S. Olayan], Bios, Board of Trustees, King Abdullah University of Science and Technology
• [https://web.archive.org/web/20140212220916/http://alfanar.org.uk/front/core/home.htm Alfanar], The first venture philanthropy organization focussing on the Arab Region
• Interview in the Arab News [http://www.arabnews.com/?page=1§ion=0&article=20250&d=10&m=11&y=2002]
• "A Saudi Vision for Growth" - 2004 speech at the Jeddah Economic Forum [https://archive.today/20040216021905/http://www.saudi-us-relations.org/newsletter2004/saudi-relations-interest-01-21.html]

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Category:1955 births

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Category:Indiana University Bloomington alumni

Category:Kelley School of Business alumni

Category:Living people

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