• Olam Group has announced the sale of a 44.6% stake in its agribusiness unit, Olam Agri, to the Saudi Agricultural and Livestock Investment Company (SALIC) for $1.78 billion. This transaction values Olam Agri at approximately $4 billion and will result in SALIC holding an 80.01% controlling stake in the unit. The deal is expected to close in the fourth quarter of 2025, with SALIC having the option to acquire the remaining 19.99% within three years. This move follows SALIC's previous investment in Olam Agri, where it acquired over a third of the unit for $1.24 billion in 2022.

• The acquisition is significant as it aligns with Saudi Arabia's strategic focus on food security and agricultural investments. Olam Agri, which deals in grains, seeds, and various food products, is well-positioned to benefit from the growing demand for food commodities in the Gulf region. The deal has positively impacted Olam's stock price, which surged nearly 9% following the announcement, reflecting investor confidence in the company's future prospects and the strategic importance of the Saudi market.