Given the distinct nature of the transaction, all the necessary regulatory approvals required to launch this transaction are yet to be obtained, the company says.

Olam Agri will be the first foreign company not incorporated in a Gulf Cooperation Council country to be listed in Saudi Arabia. It will also be the first dual listing on both the SGX and Tadawul as well as the first potential offering of Saudi Depositary Receipts.

Moving forward, Olam continues to observe the growing importance of key global agri-business trends relating to food security concerns and the growing interest from institutional investors in this theme.

“These industry trends and Olam Agri’s position as a differentiated and market leading global food, feed and fibre agri-business underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals and based on prevailing market conditions,” it adds.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/news/ipo/instacarts-us660-million-ipo-meets-goal-market-rebound?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>Instacart’s US$660 million IPO meets goal with market rebound</a></b></span>

As at 1.23pm, shares in Olam are trading 7 cents lower or 4.8% down at $1.39.

Olam Agri IPO not happening in 1H2023

Will the Rising Sun keep rising?

Fed signals higher-for-longer rates with hikes almost finished

EQT Impact Challenge offers platform for impact entrepreneurs to attain 'patient capital'

Singtel to sell 20% stake in regional data centre business valued at $5.5 bil

SoftBank has either reopened the IPO market or killed it

KKR deal could lead to higher Singtel dividends

Capital management, cash flow and sustainability key focuses of S-REIT managers at forum 

Risk-free rates remain high as Fed puts hikes on hold

Cisco strikes US$28 billion deal for Splunk in biggest buy yet

A call for explainable AI 

Singtel launches one-stop cyber security resilience programme for SMEs

Briefs: Fed signals higher-for-longer rates; Goldman raises Brent oil forecast to US$100 as rally builds

EC World REIT units to remain under suspension

Leader Environmental Technologies sells stake in Jilin Anjie Environmental Engineering for RMB6.6 mil

Norqain partners with Dean Schneider to raise funds and awareness for the Hakuna Mipaka Wildlife Oasis

Weekout (Sep 25): &Juliet, Halloween Horror Nights, Ganko Sushi, High Bar Society

See the latest from Alexander McQueen, Puyi Optical and more

Instacart has caught tech's next big thing

The end of an era for global automakers

China must avoid a debt-deflation spiral

OCBC becomes first bank in Singapore to offer cross-border payments for customers through Alipay+

Goh Jin Hian, former CEO of New Silkroutes Group and son of former PM Goh Chok Tong charged with false trading

Proposed rezoning of Marina Square could have 'significant upsides' to NAVs, says DBS

Thomson Medical has 3 months to restore public float

Brokers’ Digest: Hong Leong Asia, Lendlease REIT, Suntec REIT, Frencken, Venture

Olam Agri IPO not happening in 1H2023

Related News

Highlights

Will the Rising Sun keep rising?

Related News

Instacart’s US$660 million IPO meets goal with market rebound

SoftBank has either reopened the IPO market or killed it

Olam shores up with buybacks; Union Steel insiders in the market