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Thndr Claps » Saudi Claps » Food & Beverage 🍕 » Olam is planning a double offering for its subsidiary

Olam is planning a double offering for its subsidiary

by Omar El Shorafa
January 10, 2023

The Clap
Singapore’s Olam Group is planning a dual IPO of “Olam Agri”, which owns a majority stake in Singapore and Saudi Arabia.

What
It is noteworthy that the Saudi Agricultural and Livestock Investment Company (SALIC) acquired 35% of Olam Agricultural for $1.24bn.

So What
The CEO of Olam Group said that the Middle East is an area they are targeting to grow further.

Now What
The listing process is scheduled to take place during H1 2023.

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