Lubna Olayan

Olayan Financing Company initiated investment arbitration against Qatar following measures taken during the Gulf diplomatic crisis. According to the UNCTAD register, the tribunal ultimately found at least one breach attributable to the state but awarded no damages, producing a legally mixed outcome rather than a financial victory for the group.

State of the evidence

Documented

In 2023, SABB published data indicating that the monetary authority had imposed approximately 10.1 million riyals in fines on the bank for 26 breaches identified in 2022. Lubna Olayan chaired the board throughout that period.

State of the evidence

Documented

Attribution

Direct responsibility

Information published in 2020 indicated that the Saudi Arabian Monetary Authority had imposed sanctions totalling approximately 670,500 riyals on Saudi British Bank (SABB) for 19 violations identified for 2019. Olayan had joined the board and then become chair following the merger with Alawwal in June 2019.

State of the evidence

Documented

Attribution

Direct responsibility

At the 2004 Jeddah Economic Forum, Lubna Olayan addressed a mixed-gender audience, advocating a Saudi society in which everyone, man or woman, could find employment matching their abilities. The forum's mixed-gender participation and speeches by women prompted a public response from the Saudi Grand Mufti, who condemned mixed gatherings as contrary to religious norms.

State of the evidence

Documented

Legal status — source text

Not applicable

Attribution

Personally implicated

Role of the person profiled

Protagonist not prosecuted