Singapore-based agribusiness major Olam Group has secured a 2.74-billion United Arab Emirates (UAE) dirham (approximately $745 million) loan for Olam Agri, its food, feed and fibre subsidiary.
Olam Agri subsidiaries Olam Global Agri Pte Ltd and Olam Global Agri Treasury Pte Ltd are also co-borrowers of the financing facility raised from banks in the UAE, the SGX-listed group said in a statement.
