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Olam Agri IPO not happening in 1H2023

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Olam Agri IPO not happening in 1H2023
The company continues to pursue Olam Agri IPO at the next practical window. Photo: Bloomberg
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The listing of Olam Group’s (SGX:VC2) majority-owned agri business subsidiary Olam Agri will not be completed by 1H2023 as originally planned, the company says in a filing.

On Jan 10, the company announced that it is seeking a primary listing on the mainboard of the Singapore Exchange (SGX) (SGX:S68) and exploring a concurrent dual listing on Saudi’s Tadawul.

Given the distinct nature of the transaction, all the necessary regulatory approvals required to launch this transaction are yet to be obtained, the company says.

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