Olam Agri, the food, feed and fibre operating group of Olam Group Limited, unveiled that it has secured a financing facility from banks in the United Arab Emirates aggregating AED 2,740 million (approximately US$745 million).

N Muthukumar, group CFO of Olam Group and CEO of Operations at Olam Agri, said, “Olam Agri’s successful inaugural AED term facility builds upon its increasing activity in the Gulf Cooperation Council region, and further diversifies our funding mix.”