Thndr Claps » Saudi Claps » Food & Beverage 🍕 » Olam is planning a double offering for its subsidiary
The ClapSingapore’s Olam Group is planning a dual IPO of “Olam Agri”, which owns a majority stake in Singapore and Saudi Arabia.
WhatIt is noteworthy that the Saudi Agricultural and Livestock Investment Company (SALIC) acquired 35% of Olam Agricultural for $1.24bn.
So WhatThe CEO of Olam Group said that the Middle East is an area they are targeting to grow further.
Now WhatThe listing process is scheduled to take place during H1 2023.
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