- CEO
- Sunny George Verghese
- Full Time Employees
- 78,390
- Sector
- Consumer non-durables
- Industry
- Food: major diversified
- Address
- No. 20-01 Marina One East Tower Singapore CE Singapore 018936
- IPO Date
- Mar 16, 2022
- Business
- Olam Group Limited (SGX: VC2) is a leading global food and agribusiness company that supplies food, ingredients, feed and fibre to over 20,900 customers worldwide. Headquartered in Singapore and founded in 1989, the company operates through three main groups: ofi (Olam Food Ingredients), which offers sustainable, value-added products including cocoa, coffee, dairy, edible nuts and spices; Olam Agri, which provides grains and oilseeds, animal feed and proteins, edible oils, rice, specialty grains and seeds, cotton, wood products, rubber, sugar, bioenergy and commodity financial services; and Remaining Olam Group businesses encompassing additional farming, processing and distribution activities. Its integrated value chain spans over 60 countries, encompassing sourcing from an estimated 5 million farmers, origination, processing, packaging, merchandising, trading, logistics and distribution, with leading market positions in key agricultural commodities and a focus on high-growth consumption markets in Asia, Africa and beyond.
In recent developments, Olam Group completed the sale of a 35.43% stake in Olam Agri to Saudi Agriculture and Livestock Investment Company (SALIC) for $1.24 billion in December 2024, establishing a strategic supply and cooperation agreement to expand in Middle Eastern markets; it announced in February 2025 the proposed sale of its remaining 64.57% stake in Olam Agri to SALIC, including a 44.58% tranche valued at approximately US$1.78 billion and expected to generate up to US$2.58 billion in gross proceeds to deleverage the Remaining Olam Group and advance its re-organisation plan initiated in 2020. These transactions mark key milestones in simplifying the portfolio, unlocking shareholder value and optimising capital structure, while positioning Olam Group to pursue strategic options such as an initial public offering for ofi. The company maintains its commitment to sustainability, ranking among the top 30 largest primary listed firms on the Singapore Exchange by market capitalisation and holding constituent status in indices like FTSE4Good and MSCI World ESG Screened.