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Olam Group’s planned dual listing in S’pore, Saudi Arabia signals deepening economic ties: Saudi minister
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Mr Faisal Alibrahim at the World Economic Forum in May 2022. He also noted that the listing would help to attract other international organisations to Saudi Arabia.
PHOTO: WORLD ECONOMIC FORUM
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SINGAPORE – Temasek-backed commodity trader Olam Group’s plans to debut its agriculture business in Saudi Arabia as part of a dual listing that will include the Singapore Exchange (SGX) shows the deepening economic ties between the two countries, said Saudi Arabia’s Minister of Economy and Planning.
Mr Faisal Alibrahim said on the sidelines of the World Economic Forum in Davos late on Tuesday: “This signals deeper economic ties between Saudi Arabia and Singapore. We believe the two economies are unique and complement each other in many ways.” He added: “This is an example of a partnership that is growing. I believe that there is more to come, and hopefully there is more room for more growth. It is definitely great news.”
