Olayan Financing Company (Kingdom of Saudi Arabia) v The State of Qatar

By Notice of Arbitration dated 10 November 2022, Olayan Financing Company commenced arbitral proceedings against the State of Qatar pursuant to Article 17(2) of the Agreement on Promotion, Protection and Guarantee of Investments amongst the Member States of the Organisation of the Islamic Conference. The Permanent Court of Arbitration acts as Registry in this arbitration.

Case information

Name(s) of Claimant(s) Olayan Financing Company (Kingdom of Saudi Arabia) (Private entity )
Name(s) of Respondent(s) The State of Qatar (State)
Names of Parties -
Case number 2023-78
Administering institution Permanent Court of Arbitration (PCA)
Case status Pending
Type of case Investment arbitration
Subject matter or economic sector Real estate
Procedural rules UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced


Language of Proceeding English
Seat of Arbitration (by Country) Switzerland
Arbitrator(s), Conciliator(s), Other Neutral(s)

Professor Gabrielle Kaufmann-Kohler (Presiding Arbitrator)

Dr. Raëd Fathallah

Professor Azzedine Kettani


Dr. Johannes Fahner (Tribunal Secretary)

Representatives of the Claimant(s)

Dr. Georgios Petrochilos KC

Mr. Reza Mohtashami KC

Dr. Ryan Manton

Dr. Ahmed El Far

Mr. Srinath Reddy Kethireddy

Ms. Lucie Perrier

Ms. Rula Hidayah

Three Crowns LLP

Representatives of the Respondent(s)

Mr. Salah Mohammed Alshebani

Ms. Hanan Yousuf Al Hammadi

Ministry Of Justice


Dr. Constantinos Salonidis

Mr. M. Arsalan Suleman

Mr. Ofilio Mayorga

Mr. Joseph Klingler

Ms. Yasmin Al Ameen

Ms. Nour Nicolas

Ms. Iulia Padeanu Mellon

Ms. Natalia Guillén

Foley Hoag LLP

Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 10 November 2022
Date of issue of final award -
Length of Proceedings Pending
Additional notes -