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Logo from Olam Agri
Olam Agri expands funding mix with $625M Murabaha facility
The company will use proceeds from the facility for general corporate purposes.
Olam Agri secured a US$625m commodity Murabaha facility from global investors.
The facility is initially guaranteed by Olam Agri’s parent company, Olam Group.
Olam Group will transfer the facility to Olan Agri after the planned IPO and demerger of the latter.
Olam Agri will use proceeds from the facility for general corporate purposes.
“This landmark commodity Murabaha financing further diversifies Olam Agri’s funding mix with access to a new investor pool which provides financing based on Shariah principles,” N Muthukumar, Group CFO of Olam Group and CEO of Operations at Olam Agri, said.
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