The listing follows the completion of the transaction with Saudi Agriculture and Livestock Investment Co (Salic) last month, which would provide the company with significant additional partnership synergies, says Verghese.
The IPO of Olam Agri Holdings, the agribusiness unit of Olam Group, will provide shareholders with the opportunity to tap onto current favourable agribusiness trends, enhanced global focus on food security as well as the unit’s track record of consistent performance, its co-founder and group CEO Sunny Verghese said in a briefing.
The company had earlier announced that it is seeking a primary listing on the mainboard of the Singapore Exchange (SGX) as early as the first half of 2023. The company is also exploring a concurrent listing on the Saudi Stock Exchange (Tadawul), subject to market conditions. Both markets, interestingly, are two of the better performing ones among their global peers last year.
