Press release
28th Jun, 2024
Olam Agri secures AED 2,740 million revolving credit facility
Singapore
Olam Group Limited (“Olam Group”) announced today that its food, feed and fibre operating group, Olam Agri, has secured a financing facility (“the Facility”) from banks in the United Arab Emirates aggregating AED 2,740 million (approximately US$745 million).
The Facility has Olam Agri subsidiaries Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as borrowers with a tenor of three years. The Facility is initially guaranteed by Olam Group which will transfer to Olam Agri upon demerger of Olam Agri. Proceeds from the Facility will be applied towards refinancing of Olam Agri’s existing loans and for general corporate purposes.
Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Standard Chartered Bank, and Emirates NBD Bank are the Senior Mandated Lead Arrangers & Bookrunners for the Facility. HSBC is the Facility Agent.
News
9th Nov, 2023
Olam Agri and Nutrifoods Support Akosombo Flood Victims
Olam Agri, the country’s leading supply chain manager in agri-commodity, and its sister company, Nutrifoods, a top food manufacturer in Ghana, on Friday, presented a consignment of relief items to flood victims of the Akosombo Dam spillage.
In mid-October, the Volta River Authority (VRA) began spilling water from the Akosombo reservoir to protect the dam from overtopping.
The influx of large volumes of water has raised levels, causing excessive flooding in several low-lying areas along the Volta River, including, but not limited to, Mepe, Battor, Sogakope, Mafi, Adidome, and Ada.
Blog
8th Mar, 2023
Empowering Women in Farming with Equity
When you picture a farmer today, is a woman the first image that comes to mind? Probably not. Yet today, in farming communities all around the world, women are a significant driving force. According to estimates from the UN FAO, women farmers represent 43%1 of the global agricultural workforce and make up 60% of agricultural workers in Asia and sub-Saharan Africa. Yet, many women still face significant hurdles and discrimination when it comes to land ownership, and access to financial services and resources.
Ensuring women farmers are successful is not only key to improving livelihoods for them and their families, but is essential to strengthening global food security and nutrition. To succeed, women farmers must have the same opportunities as men to access training, inputs, finance and support.
How is Olam Agri supporting women in farming?
Our strong presence in Africa and Asia is enabling us to drive equity, promote inclusive growth and reduce inequalities in the communities where