Olam Group Limited (SGX:VC2) plans to list its soft commodities business in Singapore and Saudi Arabia as early as the first half of 2023, it said in a Singapore Exchange (SGX) filing on January 10, 2023. Once approved, Olam Agri Holdings Pte. Ltd's dual listing will be the first on the Singapore and Saudi bourses, as well as the first listing of a foreign company in Saudi Arabia.

The initial public offering (IPO) may involve new Olam Agri shares, as well as domestic and global sales of shares Olam Group holds in the unit. Funds raised could amount to as much as $1 billion (SGD 1.3 billion), according to Reuters.