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Olayan Financing Company acquires 24.5 percent stake in ICD Brookfield Place in the DIFC

May 15, 2024•over 1 year ago

Acquiring Company

Olayan Financing Company

Acquired Company

ICD Brookfield Place

RiyadhDubaiFinancial ServicesLendingReal EstateFinancial Services

Description

Olayan Financing Company has successfully completed the acquisition of a 24.5 percent stake in ICD Brookfield Place (ICDBP) within the Dubai International Financial Centre (DIFC). This represents a significant milestone in OFC's investment strategy and further strengthens its presence in the real estate sector.

Company Information

Company

Olayan Financing Company

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Olayan Financing Company (OFC) has acquired a 24.5 percent stake in ICD Brookfield Place (ICDBP), the prestigious lifestyle and business location within the Dubai International Financial Centre (DIFC). This landmark acquisition, in collaboration with Lunate, an ADQ backed alternative investment manager, represents a significant step in strengthening OFC's investment portfolio in the real estate sector.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed