Riyadh: SALIC, a subsidiary of the Saudi Public Investment Fund (PIF), announced on Monday that it signed an agreement to increase its stake in Singapore’s Olam Agri Holdings (Olam Agri) from 35.43% ...

SALIC, a subsidiary of the Public Investment Fund (PIF), announced today, Feb. 24, that it signed an agreement to increase its stake in Olam Agri Holdings (Olam Agri) from 35.43% to 80.01%, for a ...

Post the transaction, which is expected to close in the fourth quarter, state-owned Salic will control more than 80% of the agribusiness, according to a statement from Olam Group confirming the ...

Olam Group has received an offer from the state-owned Saudi investment company Salic to acquire its agricultural division. This is stated in the message of the Union of Grain Exporters and Producers.

The first tranche, comprising 44.58% of Olam Agri, will be sold to Salic for US$1.78 billion, while the remaining 19.99% will be sold after three years.

Alexandre Dumas, the renowned author of The Three Musketeers and The Count of Monte Cristo, lived a life nearly as eventful ...

Olam Group—founded by Singaporean tycoon Sunny Verghese—is selling its remaining stake in its agribusiness unit to Saudi Agriculture and Livestock Investment Company (SALIC) in a deal valued ...

The funds raised from this transaction could be allocated towards debt reduction or potentially distributed as a special dividend. Credit: T. Schneider/Shutterstock. Saudi Agricultural and ...

Bunge Ltd. and state-owned Saudi Agricultural & Livestock Investment Company (SALIC) will acquire a 50.1 percent stake in CWB through a joint venture, White Plains, New York-based Bunge said ...

The transaction values Olam Agri at US$4 billion, higher than the US$3.5 billion valued at the transaction in December 2022 when it sold a 35 per cent stake, and will give SALIC an 80 per cent ...