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News

NBK’s IAB member Lubna Olayan awarded Swedish Royal Order

 

Lubna Olayan, the Chief Executive Officer of the Olayan Financing Company in Saudi Arabia and National Bank of Kuwait (NBK)’s International Advisory Board (IAB) member, was awarded the insignia of Member First Class of the Royal Order of the Polar Star from His Majesty the King of Sweden Carl XVI Gustav, for her substantial contributions to the furthering of good relations between Sweden and the Kingdom of Saudi Arabia.

The Olayan Group has longstanding relations with Swedish companies with her father the late Sheikh Suliman Olayan receiving this award in 1988. Olayan is the first woman in the Kingdom of Saudi Arabia to be awarded the insignia. The award recognizes her for her sound judgment and integrity which have made her one of the most respected business persons in the world.

Olayan has succeeded not only in managing successful business enterprises, but also in dedicating her time and effort in charity and volunteer work.

Al Olayan has served on the Board of Directors of Saudi Hollandi Bank since December 2004, making her the first woman to join the board of a Saudi publicly-listed company. She is also a member of both its executive committee and its nomination and remuneration committee.

Olayan also serves as a non-executive director and member of various corporate and advisory boards, including Akbank, Chelsfield Partners LLP, Rolls Royce Group plc and “WPP plc” one of the largest communication services businesses in the world.

Previously she worked for Morgan Guaranty in New York as a financial analyst from 1979 to 1981.

Olayan is a member of NBK International Advisory Board. The 20 member board includes world recognized political leaders, businessmen, bankers and economists including former British Prime Minister Sir John Major, HRH Prince Turki Al Faisal Al Saud, World Economic Forum founder Klaus Schwab, Pimco CEO and co-CIO Mohamed El Erian and Reliance Industries Limited Chairman and Managing Director Mukesh Ambani.

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