Olayan Financing Company (OFC) holds and manages all of The Olayan Group's businesses and investments in Saudi Arabia and the Middle East, including joint ventures with major multinationals.
OFC was established in 1969 as an investment vehicle for the Middle East. It later expanded its purview to include the Group’s commercial operations, some of which date to 1947 when The Olayan Group originated. Today, OFC is a fully diversified industrial, trading, services and investment conglomerate. With some 40 affiliated companies, it is consistently ranked in the top 10 businesses in Saudi Arabia.
OFC companies handle products from more than 200 suppliers and principals. As marketers of famous brand names, these companies work closely with their trading partners to maintain the quality, integrity and visibility of each line.
Distribution operations are concentrated in fast-moving consumer goods, hospital supplies, office automation products, building supplies, telecommunications equipment and industrial equipment. Other OFC companies are engaged in industrial services, project and construction management, real estate development, property management, financial and investment services and food services. Still others manufacture consumer, industrial and medical products.
The management of Olayan Financing Company is progressive in outlook. It provides strategic direction to the operating companies; guides them in synergistic, integrated growth; provides a range of central business services and maintains sound financial foundations for the enterprise as a whole.