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      Olam Group disposes its remaining 32.4% stake in ARISE P&L

      Press release 17th Apr, 2025

      Singapore – On April 14, 2025, Olam Group Limited (“Olam Group” or the “Company”, together with its subsidiaries “the Group”) had announced, as part of its update on the Re-organisation Plan1, its intention to responsibly divest and monetise the Remaining Olam Group’s assets and businesses over time and progressively distribute the net proceeds to Olam Group shareholders via special dividends.

      In line with this updated Re-organisation Plan, Olam Group today announces that it has entered into definitive agreement with Equitane DMCC (“Equitane”) to sell its remaining 32.4% stake in ARISE P&L Limited (ARISE P&L) for a price consideration of US$ 175 million, which represents approximately a 7% premium over the carrying value of the investment in the Company’s books as at 31 December 2024.

      Equitane DMCC, previously known as the Africa Transformation and Industrialization Fund, is a long-term investment platform headquartered in Dubai, UAE, dedicated to creating sustainable and innovative solutions across key sectors in Africa. Equitane was established in 2021 by the founding team of the ARISE group, a leading Pan-African developer and operator of world-class industrial parks (ARISE Integrated Industrial Platforms (“ARISE IIP”)) and logistics providers (ARISE Infrastructure Services (“ARISE IS”) and ARISE P&L).

      The Group had in 2022 sold its remaining stakes in ARISE IIP and ARISE IS to Equitane global conglomerate.

      The sale is not expected to have a material impact on the net tangible assets per share or earnings per share of the Group for the current financial year.

      Subject to customary closing conditions, the sale is expected to close within FY2025.

      Notes to Editors

      This release should be read and understood only in conjunction with the full text of Olam Group Limited’s announcement on the same subject lodged with SGXNET on April 17, 2025.

      1 Please refer to the news release dated April 14, 2025 and entitled “Update on Olam Group’s Re-organisation Plan” for full details.

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      About Olam Group

      Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to almost 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 Group’s supply chain activities, impact on the environment and governance transparency. 

      More information on Olam can be found at www.olamgroup.com.

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

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

       

      Issued on behalf of Olam Group Limited by:

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

      For further information, please contact:

      Contacts for Olam Group Investor Relations
      Contacts for WATATAWA

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      28th Apr, 2025

      ofi secures US$350 million club loan

      Singapore Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, olam food ingredients (“ofi”), a global leader in naturally good food and beverage ingredients, has secured a term loan facility aggregating US$350 million (the “Facility”). The Facility has Olam Treasury Pte Ltd as a Borrower and has a tenor of 2 years. The Facility is initially guaranteed by Olam Group Limited which will transfer to ofi Group Limited following the planned IPO and demerger of ofi. Proceeds from the Facility will be applied towards refinancing of ofi’s existing loans and general corporate purposes. DBS and ICBC participated in the Facility as Mandated Lead Arrangers. DBS has been appointed as the Facility agent.
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      14th Apr, 2025

      Update on Olam Group’s Re-organisation plan

      In January 2020, Olam Group Limited (“OGL”, together with its subsidiaries “Olam Group” or “the Group”) had announced the Re-organisation of its diverse business portfolio into three distinct operating groups – ofi (Olam Food Ingredients), Olam Agri and the Remaining Olam Group  – to maximise and unlock Olam Group’s underlying shareholder value via potential carve-outs, capital raising options and asset divestments. The separation and carve-outs of the three operating entities was completed in January 2022. Following the recent announcement of the proposed sale of the remaining 64.57% stake in Olam Agri to Saudi Agricultural & Livestock Investment Company (“SALIC”) on February 24, 2025, Olam Group today announces details on the next steps in its Re-organisation plan (“Updated Re-organisation Plan”), to achieve three key objectives:  Right-size the Remaining Olam Group’s capital structure by allocating approximately US$2 billion to de-lever its balance sheet and make i
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      9th Apr, 2025

      Olam Group publishes 2024 Annual Report: “Unlocking Value, Exploring New Horizons”

      Singapore Olam Group Limited (“Olam Group”) has published its 2024 Annual Report. The Report, which has three comprehensive components – Strategic Report, Governance Report and Financial Report – highlights financial and non-financial achievements for the Group in 2024, including: Maintaining growth momentum and unlocking value Delivering EBIT growth, double-digit growth in sales volumes and improved operating cash flow (before interest, tax and working capital changes). Organic and inorganic investments by ofi and Olam Agri to expand and strengthen capabilities. Achieving a significant milestone in Olam Group’s Re-organisation Plan with proposed sale of the Group’s 44.58% interest in Olam Agri to the Saudi Agricultural and Livestock Investment Company (SALIC) for approximately US$1.78 billion. This clears the path to proceed with its Re‑organisation Plan, seeking strategic options to unlock value for the Remaining Olam Group businesses and ofi, including the pursuit of an
      Read More

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