Press Release

    Olam Agri secures AED 2,740 million revolving credit facility

    Press release


    Olam Group Limited (“Olam Group”) announced today that its food, feed and fibre operating group, Olam Agri, has secured a financing facility (“the Facility”) from banks in the United Arab Emirates aggregating AED 2,740 million (approximately US$745 million). 

    The Facility has Olam Agri subsidiaries Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as borrowers with a tenor of three years. The Facility is initially guaranteed by Olam Group which will transfer to Olam Agri upon demerger of Olam Agri. Proceeds from the Facility will be applied towards refinancing of Olam Agri’s existing loans and for general corporate purposes.

    Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Standard Chartered Bank, and Emirates NBD Bank are the Senior Mandated Lead Arrangers & Bookrunners for the Facility. HSBC is the Facility Agent. 

    About Olam Agri and Olam Group

    Olam Agri is a market leading, differentiated food, feed and fibre agri-business with a global origination footprint, processing capabilities and deep understanding of market needs built over 34 years. With a strong presence in high-growth emerging markets and products across grains & oilseeds, freight, integrated feed & protein, rice, edible oils, specialty grains & seeds, sugar, cotton, wood products, rubber and risk management solutions, Olam Agri is at the heart of global food and agri-trade flows with 39.6 million MT in volume traded in 2023. Focused on transforming food, feed and fibre for a more sustainable future, it aims at creating value for customers, enable farming communities to prosper sustainably and strive for a food-secure future. Olam Agri Holdings Limited, which holds the Olam Agri business, is a 64.6% owned subsidiary of Olam Group. 35.4% of Olam Agri Holdings is owned by SALIC International Investment Company, a wholly owned subsidiary of Olam Agri’s strategic partner The Saudi Agricultural and Livestock Company. For more information and to subscribe to our news alerts, please visit

    Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to 22,000 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers.

    Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

    Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

    Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency.

    More information on Olam can be found at

    Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936.

    Telephone: +65 63394100, Facsimile: +65 63399755.


    Contacts for Olam Investor Relations:

    Aditya Renjen Chow Hung Hoeng 
    Senior Vice President  Vice President
    +65 66031104, 96570339 +65 63179471, 98346335


    Contacts for Olam Group and ofi Corporate Communications:

    Nikki Barber Steven Fairbairn
    Group Head, ofi Group Head, Olam Agri & Olam Group
    +44 2074848994, 7568108555 +44 2073896464


    Issued on behalf of Olam Group Limited by:

    WATATAWA Consulting, 3 Harbourfront Place, #12-02/04, Harbourfront Tower 2, Singapore 099254 

    Ong Chor Hao Melissa Sim  
    Director   Associate Director  
    +65 96272674 +65 93802938  

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