Our Re-organisation

We have organised our diverse business portfolio to create three operating groups, ofi (Olam Food Ingredients), Olam Agri and the Remaining Olam Group.

ofi and Olam Agri are right at the centre of key global food and consumer trends. For ofi, this includes the growing demand for more plant-based, on-trend, natural, healthy and sustainably sourced food ingredients. For Olam Agri, it’s the rising demand for food, feed and fibre from a growing population, the transition of dietary habits from cereals to more protein-based diets and growing concern for food security.

The Remaining Olam Group comprises Olam Global Holdco, Mindsprint and Nupo Ventures. Olam Global Holdco is responsible for nurturing and partially or fully monetising gestating businesses, developing continuing businesses as well as divesting non-core assets. Mindsprint offers digital solutions to empower businesses’ needs by providing IT, digital and shared services while Nupo Ventures incubates new sustainability and digital platforms for growth.

Driving future value through core business transformation and strategic options, including potential IPO and demerger

ofi

ofi is pivoting towards a more solutions-led and customer centric organisation, and growing its value-added ingredients and solutions business to serve high growth food and beverage categories. It is partnering with customers to co-create solutions that anticipate and meet changing consumer preferences. Product platforms include cocoa; coffee; dairy; nuts; and spices, and a new commercial platform ofi F&B Solutions was launched in 2024. Olam Group is seeking strategic options for ofi, including the pursuit of a potential IPO and demerger from the Olam Group.

Olam Agri

Olam Agri is a differentiated global food, feed, and fibre agribusiness, focused on high growth end consumption markets. In 2022, the Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of Public Investment Fund of the Kingdom of Saudi Arabia, invested US$1.3 billion for a 35.43% stake in Olam Agri, at an implied 100% equity valuation of US$3.5 billion, creating a strong shareholder base and catalysing access to new markets for Olam Agri.

On February 24, 2025, Olam Group announced the proposed sale of its 44.58% stake in Olam Agri to SALIC for approximately US$1.78 billion, at an implied 100% equity valuation for Olam Agri of US$4.0 billion, after which at the end of three years, it would sell its remaining 19.99% stake in Olam Agri to SALIC at the same equity base valuation plus closing adjustments and a 6% IRR. In total, the complete divestment of a 100% interest in Olam Agri would raise gross proceeds of US$3.87 billion, accreting a gain of US$2.72 billion to the equity reserves of the Group.

Remaining Olam Group

Concurrently, we are exploring and reviewing strategic options for businesses in the Remaining Olam Group to unlock and realise value for shareholders.

Important note: Shareholders and investors should note that there is no certainty or assurance that the strategic options being explored, including the potential listing and demerger of ofi, will take place.