Privacy Notice
The Olayan Group respects your right to privacy. This Privacy Notice explains who we are, how we collect, share and use personal information about you, and how you can exercise your privacy rights.
If you have any questions or concerns about our use of your personal information, please contact us using the contact details provided at the bottom of this Privacy Notice.
What does the Privacy Notice cover?
This Privacy Notice applies to personal information that we collect:
- through our website when you visit our website, contact us via our website or other communications including any product or media enquiries, we collectively refer to these individuals as “Visitors” in this Notice; and
- from our business partners throughout our relationship with them (“Business Partners”).
What does The Olayan Group do?
With whom does The Olayan Group share my personal information?
Cookies and similar tracking technology
How does The Olayan Group keep my personal information secure?
What does The Olayan Group do?
The Olayan Group is a multinational enterprise with an actively managed portfolio of global investments. Its primary parent company is headquartered in Vaduz, Liechtenstein. The Olayan Group also has international offices in New York, London, Luxembourg, Athens and Singapore. The Olayan Group’s parent for MENA investments and operations is based in Riyadh.
The Olayan Group’s in-house professionals manage a multi-billion-dollar investment portfolio. This includes public equity, private equity, real estate, fixed income, credit, and foreign exchange. Public and private equity holdings span diverse sectors including consumer and retail, healthcare, biotech, financial services, energy, and technology. For more information about The Olayan Group, please see the “About Us” section of our website at About | Olayan
What personal information does The Olayan Group collect, why and what is our legal basis for processing it?
The personal information that we may collect about you and our legal basis for collecting and using it depends on your interaction with us, the information concerned and the specific context in which we collect it. The table below sets out examples of the personal information we collect and the legal basis on which we process it.
In general, we will use the personal information we collect from you only for the purposes described in this notice or for purposes that we explain to you at the time we collect it.
Information collected for Visitors
| Information you provide voluntarily: Certain parts of our website ask you to provide personal information voluntarily: for example, we ask you to provide your contact details to submit enquiries. You may choose to provide us with additional information when you contact us or otherwise interact with us. The table sets out the typical personal data we collect from you and why. | ||
| Purpose | Type of personal information | Lawful basis for processing |
| To deal with any enquiries | (a) Name; (b) Contact details, including email address and telephone number; (c) where relevant, the media outlet or company you work for; and (d) any other information you provide | Necessary for our legitimate interests (to keep our records updated) |
| To contact individuals who have expressed an interest in our company | (a) Identity details including name; and (b) Contact details including email address, telephone number and address | Necessary for our legitimate interests (to keep our records updated) |
| Information we automatically collect: When you visit our website, we collect certain information automatically from your device. Some of this information is collected using cookies and similar tracking technology, as explained further under the heading “Cookies and similar tracking technology” below and in our separate cookie notice | ||
| Purpose | Type of personal information | Lawful basis for processing |
| To use data analytics to improve our website and engage effectively with Visitors | (a) Information like your IP address, device type, unique device identification numbers, browser-type, broad geographic location (e.g. country or city-level location) and other technical information; and (b) Interactions with our website including pages accessed or links clicked | Necessary for our legitimate interests (to engage effectively with our Visitors) |
| To administer and protect our website
|
(a) Information like your IP address, device type, unique device identification numbers, browser-type, broad geographic location (e.g. country or city-level location) and other technical information; and (b) Interactions with our website including pages accessed or links clicked | Necessary for our legitimate interests (for security and running our website) |
Information collected for Business Partners
| Information you provide voluntarily: You may asked to provide certain information to us as part of our due diligence processes. | ||
| Purpose | Type of personal information | Lawful basis for processing |
| To communicate with you and manage our relationship
|
(a) Name; (b) Contact details including email address and telephone number; (c) company you work for; and (d) any other information you provide | (a) Necessary for our legitimate interests (to keep our records updated and engage effectively with our Business Partners); and (b) Performance of a contract with you |
| To carry out due diligence. | (a) Identity details including name, gender, DOB; (b) Contact details including email address, telephone number and home address; (c) Financial details about you and any businesses you run;and (d) Details about your employment | (a) Necessary for our legitimate interests (to protect security of our business and maintain accurate records); (b) Performance of a contract with you;and (c) Legal obligation (for example prevent fraud or comply with knowing your client obligations) |
| Information from other sources: From time to time, we receive personal information about you from third party sources (including strategic advisory firms, risk consulting firms, providers of business intelligence, compliance, cyber defence and investigations services, public information sources such as Companies House or Government or law enforcement agencies or information from social media sites which is relevant to your professional activities), but only where we have checked that these third parties either have your consent or are otherwise legally permitted or required to disclose your personal information to us. | ||
| Purpose | Type of personal information | Lawful basis for processing |
| To carry out due diligence | (a) Identity details including name, gender, DOB; (b) Contact details including email address, telephone number and home address; (c) Financial details about you and any businesses you run;and (d) Details about your employment | (a) Necessary for our legitimate interests (to protect security of our business and maintain accurate records); (b) Performance of a contract with you;and (c) Legal obligation (for example prevent fraud or comply with knowing your client obligations) |
If you have questions about or need further information concerning the legal basis on which we collect and use your personal information, including how we balance our legitimate interests against your rights and freedoms where applicable, please contact us using the contact details provided under the “ How to contact us ” heading below.
With whom does The Olayan Group share my personal information?
We share your personal information with the following categories of recipients:
- our group companies;
- third party services providers and partners who provide data processing services to us (for example, to support the delivery of, provide functionality on, or help to enhance the security of our website), or who otherwise process personal information for purposes that are described in this Privacy Notice or notified to you when we collect your personal information;
- any competent law enforcement body, regulatory, government agency, court or other third party where we believe disclosure is necessary (i) as a matter of applicable law or regulation, (ii) to exercise, establish or defend our legal rights, or (iii) to protect your vital interests or those of any other person; and
- to any other person with your consent to the disclosure.
How does The Olayan Group keep my personal information secure?
We use appropriate technical and organisational measures to protect the personal information that we collect and process about you. The measures we use are designed to provide a level of security appropriate to the risk of processing your personal information.
International data transfers
In some cases, your personal information is transferred to, and processed in, countries other than the country in which you are resident. These countries may have data protection laws that are different to the laws of your country.
Specifically, our website servers are located in the US, and our group companies and third party service providers and partners operate in the US, Luxembourg, the UK, Liechtenstein, Austria, Greece, Saudi Arabia and Singapore and in other countries around the world. This means that when we collect your personal information we will process it in those locations and across the globe.
Where we transfer your personal information to countries and territories outside the European Economic Area and the UK, which have been formally recognised as providing an adequate level of protection for personal information, we rely on the relevant “adequacy decisions” from the European Commission and “adequacy regulations” from the Secretary of State in the UK.
Where the transfer is not subject to an adequacy decision or regulations, we have taken appropriate measures to require that your personal information will remain protected in accordance with this Privacy Notice. These include implementing the European Commission’s Standard Contractual Clauses (and the UK equivalent) for transfers of personal information between our group companies, which require all group companies to protect personal information they process from the EEA or the UK in accordance with European Union or UK data protection law.
Data retention
We retain personal information we collect from you where we have an ongoing legitimate business need to do so.
When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymise it or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.
Your data protection rights
Depending on your location, you may have the following data protection rights:
- If you wish to access, correct, update or request deletion of your personal information, you can do so at any time by contacting us using the contact details provided under the “ How to contact us ” heading below.
- In addition, you can object to processing of your personal information, ask us to restrict processing of your personal information or request portability of your personal information. Again, you can exercise these rights by contacting us using the contact details provided under the “ How to contact us ” heading below.
- Similarly, if we have collected and process your personal information with your consent, then you can withdraw your consent at any time. Withdrawing your consent will not affect the lawfulness of any processing we conducted prior to your withdrawal, nor will it affect processing of your personal information conducted in reliance on lawful processing grounds other than consent.
- You have the right to complain to a data protection authority about our collection and use of your personal information. For more information, please contact your local data protection authority.
We respond to all requests we receive from individuals wishing to exercise their data protection rights in accordance with applicable data protection laws.
Updates to this Privacy Notice
We may update this Privacy Notice from time to time in response to changing legal, technical or business developments. When we update our Privacy Notice, we will take appropriate measures to inform you, consistent with the significance of the changes we make.
You can see when this Privacy Notice was last updated by checking the “last updated” date displayed at the top of this Privacy Notice.
How to contact us
If you have any questions or concerns about our use of your personal information, please contact us using the following details: OICEcompliance@olayangroup.com
The data controller of your personal information is Olayan Investments Company Establishment.