Olam Group (SG:VC2) has released an update.
Olam Agri, part of the Olam Group, has secured a significant revolving credit facility worth approximately US$745 million from UAE banks for refinancing and general corporate uses. This three-year facility underscores Olam Agri’s strong presence in the agri-business sector, with a focus on sustainability and a robust trade volume reported in 2023. The financing arrangement involves top banks like Abu Dhabi Commercial Bank and First Abu Dhabi Bank, emphasizing their confidence in Olam Agri’s market position and operational strategy.
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