Olam Group announces completion of <span class="txt-orange">44.58% stake sale in Olam Agri to SALIC</span>
<span class="p2"><b><br> Singapore</b></span>
- <span class="p2">Olam Group has completed the Tranche 1 sale of a 44.58% stake in Olam Agri to SALIC for approximately US$1.88 billion, based on an implied 100% equity valuation for Olam Agri of US$4.00 billion and closing adjustments</span>
- <span class="p2">Olam Agri becomes majority 80.01% owned by SALIC and a 19.99% owned associated company of Olam Group</span>
- <span class="p2">At completion of Tranche 2 within three years, Olam Agri will become a 100% owned subsidiary of SALIC</span>
- <span class="p2">Olam Group remains focused on executing the Updated 2025 Re-organisation Plan to unlock value for shareholders</span>
<span class="p2">Olam Group Limited (“Olam Group”, “OGL”, the “Company”, or together with its subsidiaries, “the Group”) has announced that its wholly-owned subsidiary, Olam Holdings Pte. Ltd. has completed the Tranche 1 sale of 44.58% stake in Olam Agri to the Saudi Agriculture & Livestock Investment Company (“SALIC”), the food and agriculture investment arm of Public Investment Fund of the Kingdom of Saudi Arabia, for US$1.88 billion (approximately S$2.4 billion1 ). This implies a 100% equity valuation for Olam Agri of US$4.00 billion (approximately S$5.11 billion1) plus closing adjustments.</span>
<span class="p2">The sale follows receipt of all necessary regulatory approvals and satisfaction of other closing conditions. Olam Agri becomes majority 80.01% owned by SALIC and a 19.99% owned associated company of Olam Group.</span>
<span class="p2">Olam Group retains a put option to sell its remaining 19.99% stake in Olam Agri to SALIC (“Tranche 2”) on the third anniversary of the completion of Tranche 1 at the base consideration of approximately US$799.6 million and additional option consideration plus a 6% IRR, providing certainty of Tranche 2 completion. SALIC also retains a call option to acquire the remaining 19.99% stake on or before the third anniversary at the same consideration. Olam Agri will become a 100% owned subsidiary of SALIC on completion of Tranche 2.</span>
<span class="p2">The completion of SALIC’s acquisition of Olam Agri is a transformative step forward to accelerate Olam Agri’s growth and strengthen our position as a leading global agri-business and integrated food security leader.</span>
<span class="p2">Olam Agri is focused on providing living essentials and daily necessities to consumers for meeting their growing demand for food, feed, fuel, fibre and adjacent agricultural products.</span>
<span class="p2">With SALIC as a strategically aligned, committed long-term partner and food security leader, we can build on our historical track record of strong performance to further accelerate and scale our ambitions for profitable growth and value creation.</span>
<span class="p2">Rothschild & Co Singapore Limited acted as the lead-financial advisor, along with Citigroup Global Markets Singapore Pte. Ltd and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch as joint-financial advisors to OGL for this transaction</span>
<span class="p2">1. All S$ figures in this release are based on an indicative US$-to-S$ exchange rate of US$1:S$1.2778 as at April 24, 2026.</span>
<span class="p2">2.Previously known as Remaining Olam Group</span>
<span class="p2"><b>Notes to Editors</b></span>
<span class="p2">This release should be read and understood only in conjunction with Olam Group Limited’s announcement on the same subject lodged with SGXNet on April 27, 2026.</span>
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