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 |
Other |
| 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) |
Dr. Jassim Salih Al Kuwari 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 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 | - |