- CEO
- Sunny George Verghese
- Full Time Employees
- 39,560
- Sector
- Consumer Defensive
- Industry
- Food Distribution
- Address
- No. 20-01 Marina One East Tower Singapore Singapore 018936
- IPO Date
- Aug 19, 2010
- Business
- Olam Group Limited (OLGPF) is a leading global food and agri-business that sources, processes, packages, and merchandises agricultural products worldwide. The company operates through three principal groups: ofi (Olam Food Ingredients), which provides sustainable, value-added ingredients including cocoa, coffee, dairy, nuts, and spices for applications in bakery, beverages, chocolate, confectionery, dairy, savory, culinary, snacking, and plant-based products; Olam Agri, which supplies grains and oilseeds, animal feed and proteins, edible oils, rice, specialty grains and seeds, cotton, wood products, rubber, sugar, bioenergy, commodity financial services, freight management, and risk management solutions; and the Remaining Olam Group, encompassing complementary agri-activities. It serves over 21,900 customers, including multinational organizations and smaller entities, across more than 60 countries with a focus on high-growth consumption markets in Asia, Africa, and beyond. Founded in 1989 and headquartered at Marina One East Tower in Singapore, the company maintains strategic manufacturing, origination, trading, logistics, and distribution capabilities to support sustainable supply chains.
In recent developments, Olam Group entered a definitive agreement in February 2025 to sell a 44.58% stake in Olam Agri to SALIC, the agriculture investment arm of Saudi Arabia's Public Investment Fund, for approximately US$1.78 billion, with gross proceeds from the broader 64.57% stake sale expected to reach US$2.58 billion upon full exercise of options; this transaction, part of a multi-year reorganization initiated in 2020, enables Olam Group to allocate around US$2 billion toward deleveraging the Remaining Olam Group to achieve a debt-free status and invest US$500 million in equity into ofi to support its growth and potential dual listing in Europe and Singapore. Earlier, in 2024, SALIC acquired an additional stake in Olam Agri, strengthening a strategic supply and cooperation agreement to expand presence in Middle Eastern markets and align with global food security objectives. These moves mark significant steps in unlocking shareholder value through portfolio simplification, capital optimization, and focused growth in core segments.