Olam Group completes US$1.88B stake sale in Olam Agri to SALIC
The deal raises SALIC’s ownership in Olam Agri to 80.01% and moves the business closer to full acquisition within three years.
SAUDI ARABIA – Singapore based Olam Group has completed the sale of a 44.58% stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (SALIC) for about US$1.88 billion, marking a key step in its restructuring plan.
The transaction gives SALIC an 80.01% controlling stake in Olam Agri, while Olam Group retains 19.99% as an associated company. The deal values Olam Agri at about US$4.00 billion.
Olam Group confirmed that it received all required regulatory approvals before closing the deal. The company also outlined a clear path for the next phase. It holds a put option to sell its remaining stake to SALIC in three years for about US$799.6 million, along with an added return.
SALIC also has the right to buy the remaining shares within the same period. Once completed, SALIC will fully own Olam Agri.
Yap Chee Keong, Deputy Chairman at Olam Group, said the deal supports the company’s wider plan. “The completion of the sale of Tranche 1 in Olam Agri to SALIC is another major step forward in delivering on our Reorganisation Plan. It realises significant value and will enable right-sizing of the capital structure of the Group,” he said.
“We remain confident our Re-organisation Plan will unlock significant value for shareholders.”
Olam Agri’s leadership also pointed to growth plans under the new ownership structure. Sunny Verghese, Co-Founder and CEO of Olam Agri, said the deal strengthens the company’s position in global markets.
“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,” he said.
The latest move builds on an earlier agreement announced in February 2025, when Olam Group agreed to sell a controlling stake in Olam Agri to SALIC in a deal valued at US$1.78 billion. That deal formed part of Saudi Arabia’s efforts to secure food supply through global investments.
Olam Agri plays a central role in global trade of grains, edible oils and other farm products. The company operates across more than 60 countries and supplies key food and feed products to many markets.
With this latest step, Olam Group continues to shift focus toward its core businesses, while SALIC strengthens its presence in global agriculture and food supply chains.
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