SALIC Acquires 35.43% Stake In Olam Agri Holdings For $1.24bn

Saudi Arabia’s SALIC International Investment Company has successfully acquired a 35.43 percent stake in Olam Agri Holdings for $1.24 billion, valuing the agricultural giant at $3.5 billion.

With this acquisition, Olam Group retains a 64.57 percent majority stake, ensuring continued strategic oversight and alignment with its long-term objectives.

The deal, which closed on December 23, 2024, was initially announced in March 2022. Beyond the financial transaction, Olam Agri and SALIC have also entered into a Strategic Supply & Cooperation Agreement. This partnership is expected to bolster Olam’s footprint in Middle Eastern markets, enhancing food security and agricultural supply chains across the region.

The collaboration with SALIC aligns with broader economic goals, addressing critical food supply challenges and leveraging Saudi Arabia’s strategic positioning in the agricultural value chain. For Olam Agri, the partnership unlocks opportunities for greater market access, increased operational efficiency, and stronger financial backing to drive future growth.

The acquisition comes at a time of rising global interest rates and increased yields on fixed-income instruments, which have shifted investment patterns globally. In Nigeria, the Central Bank of Nigeria (CBN) has implemented eight consecutive interest rate hikes, raising the benchmark rate to 27.5 percent, which has benefited financial institutions through increased interest income and overall profitability.

As Olam Agri expands its operations in the Middle East, stakeholders anticipate enhanced productivity, optimised supply chains, and improved food security solutions. The strategic partnership with SALIC not only validates Olam Agri’s market value but also sets the stage for sustained growth and cross-border collaboration.

This acquisition highlights a shared vision for agricultural innovation, resilience, and sustainable growth in one of the world’s most critical sectors.