SALIC Signs an Agreement to Increase its Stake in Singaporean food trader Olam Agri Holdings to 80.01%

Saudi Agricultural and Livestock Investment Company (SALIC), wholly owned by Saudi Arabia’s Public Investment Fund (“PIF”), has entered into an agreement to increase its ownership stake in Olam Agri from 35.43% to 80.01% for US$1.78 billion. The transaction, which is subject to the necessary regulatory approvals, also provides SALIC with a call option to acquire the remaining 19.99% within three years.
This investment will strengthen SALIC’s ability to enhance global commodity supply chains and add value to its subsidiary companies. It supports SALIC’s mission to bolster global food security through strategic partnerships at every stage of the value chain-fostering growth while bridging global and local markets.
The increased stake in Olam Agri Holdings is a key element of SALIC’s international strategy, aimed at ensuring the availability of essential goods and enhancing their sustainability through investment diversification, supply chain integration, AgTech adoption, and improved logistical efficiency-all as SALIC continues to advance its leadership in the grain sector.
Eng. Sulaiman AlRumaih, Group CEO of SALIC, said: “Since acquiring a 35.43% stake in Olam, we have witnessed its strategic strength as one of the world’s premier commodity trading companies. This success has reinforced our confidence in our investment vision and our pursuit of sustainable growth. It aligns perfectly with SALIC’s strategy of backing innovative, high-potential companies that address future food security needs through integrated supply chains both at home and abroad.”
He added: “As part of the SALIC portfolio, Olam Agri will benefit from our extensive global network to further drive its market expansion. This investment not only reinforces our leadership in the global grains sector but will ultimately benefit consumers through enhanced food production and more efficient distribution.”
Olam Agri CEO Sunny Verghese said, “Since SALIC’s initial investment in Olam
Agri in 2022, our partnership has unlocked new avenues for growth. With its strategic mandate as a global agrifoods investor and complementary strengths, SALIC and Olam Agri share a common vision focused on sustainable sourcing and meeting the growing demand for food, feed, and fibre. This transaction is transformative for Olam Agri and unlocks significant value for Olam Group shareholders.”
SALIC has a proven track record of investing across the global agrifood supply chain to improve access to essential foods with current investments spanning 5 continents, 7 countries and 16 food commodities.