The Olayan sisters attract Wall Street executives for advice — and attention of the foreign press. Bloomberg follows the story of Lubna and Hutham Olayan, their rise to the top ranks in Wall Street, and the successful steering of their USD 50 bn (or more) family business. Olayan Group holds a USD 13 bn stock portfolio in the US, comparable to that of the Public Investment Fund (USD 19 bn), making it the Kingdom’s “shadow sovereign fund.”

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ALSO- A hot take on the Kingdom’s gaming push: Saudi’s bid to capture a dominant slice of the USD 200-300 bn global gaming market is running headlong into a structural “esports winter,” according to a Washington Post analysis. Riyadh is banking on its 23.5 mn “gaming enthusiasts” — or 67% of the population — and the interest that peaked during the pandemic, but the following years saw studios closed and demand plummeting — putting Saudi return on investment at risk, the newspaper argued.

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