Mighty Businesswoman from Middle-east

Feb/22/2023 / by Swarnendu Biswas
Lubna Olayan
Image credits: Wikimedia Commons

Lubna Olayan is a globally renowned businesswoman from Saudi Arabia. She is the daughter of Sulaiman Olayan, who was regarded among the wealthiest businessman from Saudi Arabia, and Maryam bint Jassim Al Abdulwahab. Lubna Olayan was born on 4th August 1955, in Unaizah, a city which is located in the Qassim region in Saudi Arabia. The age of Lubna Olayan is 67 years.

Listed among  one of the top 100 most influential people of 2005 by Time magazine, she had the awe-inspiring distinction of becoming the Chief Executive Officer of the Olayan Financing Company, one of the huge conglomerates of Saudi Arabia. She stepped down from the position of CEO of Olayan Financing Company in April 2019. She was the CEO of Olayan Financing Company from 1986 till 1st May 2019, which is for more than three decades.

Much more than a mere business executive Lubna Olayan is a business leader in Saudi Arabia’s highly male dominated business world.

While exploring about Lubna Olayan we can come to know that on 16th June 2019, she was appointed as the Chairperson of the Saudi British Bank (SABB), making her the first woman from Saudi Arabia to head a Saudi Arabian bank. She was re-appointed to the position in January 2020 for a tenure of three years.

At the Jeddah Economic Forum in January 2004, she also created herstory by becoming the first woman in the history of Saudi Arabia to deliver an opening keynote address at a major conference in Saudi Arabia. These above-mentioned achievements of hers need to be explored in detail in any serious biography of Lubna Olayan.

She also became the first woman in Saudi Arabia to head a foreign business council when she became the President of the Saudi-Swedish Business Council.

Though we do not know the exact net worth of Lubna Olayan but she comes from one of the wealthiest families of Middle-East whose fortune is to the tune of 10 billion USD.


Who is the husband of Lubna Olayan?

Her husband is John Xefos. He is an international attorney from the United States.

When did Lubna Olayan start her business career?

In 1983, she began working in the Olayan Group under the umbrella of her father’s leadership. Her father was the Founder of the Olayan Group.

What is Lubna Olayan’s educational qualification?

 She earned her BA in Agriculture from Cornell University in the US, which she followed with a master’s degree in business administration from the University of Indiana, in the US.

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