Inovalis Real Estate Investment Trust Announces Distribution and Special Non-Cash Distribution to Unitholders

The Olayans have steered their family empire into an influential investment behemoth.
When President Donald Trump feted Saudi Arabia’s crown prince at a state dinner last month, invitees included heavyweights like Apple Inc. ’s Tim Cook and Citigroup Inc. ’s Jane Fraser. Seated next to Elon Musk was Lubna Olayan , whose deep connections to both Wall Street and the kingdom marked her out as one of the most influential people in a room packed with luminaries.
That White House banquet underscored the growing influence of the Olayan Group , a sprawling and secretive Saudi empire that Lubna and her sister Hutham have helmed for decades. The duo came of age at a time when women weren’t permitted to drive and needed a male guardian’s permission to even get a passport in the kingdom. Yet they’ve managed to steer the family conglomerate into a behemoth that operates at the scale of a sovereign wealth fund.