USD85 Million Syndicated Islamic Trade Finance Facility
Olam International Limited (the “Company”) wishes to announce that the Company has secured a USD85 million syndicated Islamic trade finance facility (the “Facility”) from a syndicate of six banks. The Facility is for a period of one year and can be extended for a further period of one year upon request. The proceeds from the Facility will be used primarily to fund the working capital requirements of the Company.
The arranger and participating banks of the Facility are as follows:-
Standard Chartered Bank
Dubai Islamic Bank
Kuwait Finance House
National Bank of Pakistan
Emirates Islamic Bank
None of the Directors or substantial shareholders of the Company has any interest in the above transaction save for their interests arising by way of their shareholdings and/or directorship, as the case may be, in the Company.