Our Re-organisation

Proposed Demerger & IPO of OFI

We have organised our diverse portfolio to create two operating groups, ofi (Olam Food Ingredients), Olam Agri. The Remaining Businesses of Olam Group, comprising Olam Ventures, Olam Technology and Business Services and Olam Global Holdco, are focused on driving their respective strategic growth by leveraging their own unique competitive strengths.

ofi and Olam Agri are right at the centre of key global food and consumer trends. For ofi, this includes the growing demand for more plant-based, on-trend, natural, healthy and sustainably sourced food ingredients. For Olam Agri, it’s the rising demand for food, feed and fibre from a growing population, the transition of dietary habits from cereals to more protein-based diets and growing concern for food security; and for the Remaining Olam Group, the growing market opportunities for digital and sustainability solutions to transform the food and agri-business sector.

ofi

ofi is set to list in both the premium segment of the London Stock Exchange and the mainboard of the Singapore Exchange (SGX) and demerge from the Olam Group, giving investors a unique opportunity to be part of ofi’s transformation while continuing to benefit from being invested in the Olam Group, including Olam Agri.

Olam Agri

The Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of Public Investment Fund of the Kingdom of Saudi Arabia, has agreed to invest US$1.24 billion for an estimated 35.4% stake in Olam Agri. The investment crystallises a benchmark valuation and creates a strong shareholder base for a potential listing and demerger of Olam Agri, it releases cash for the Group to reduce its gearing and catalyses access to new markets for Olam Agri through a strategic supply and cooperation agreement.

Remaining Olam Group

Concurrently, we are exploring various strategic options, including strategic partnerships to take the businesses of the Remaining Olam Group to full potential.

Important note: Shareholders and investors should note that there is no certainty or assurance that the proposed listing and demerger of ofi or the strategic options being explored will take place.