Olayan Financing Company and Lunate completed the acquisition of a 49% stake in ICD Brookfield Place from the Investment Corporation of Dubai and Brookfield.

Olayan Financing Company, a diversified industrial, trading, services and investment conglomerate, and Lunate, an alternative investment manager, completed the acquisition of a 49% stake in ICD Brookfield Place from the Investment Corporation of Dubai, an investment company, and Brookfield, an investment management company. Financial terms were not disclosed. "Acquiring this significant stake in ICD Brookfield Place represents a strategic addition to our diverse portfolio. It showcases our commitment to investing in high-quality, sustainable real estate assets that align with our long-term view of value creation. We are excited to join our esteemed partners, ICD, Brookfield, and Lunate, and look forward to contributing to the continued success and legacy of this premier property," Nabeel M. Al-Amudi, Olayan Financing Company CEO.