Dubai Islamic x Olam Agri: Dubai Islamic Bank (DIB) joined a USD 1.9 bn dual-tranche syndicated facility to support general corporate purposes at PIF-backed and Singapore-based agribusiness Olam Agri, it said in a press release. The DFM-listed lender acted as a senior mandated lead arranger and investment agent for the facility’s USD 250 mn Islamic tranche. The loan carries a three-year tenor.

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Why it matters: The move marks DIB’s first financing with Olam Agri and adds to its growing portfolio of cross-border Islamic syndications. “This transaction is a clear reflection of the growing global demand for Islamic liquidity, not as an alternative, but as a core instrument for financing the real economy,” DIB’s chief of investment banking Ali Ahmed said.

About Olam: Olam Agri is 80% owned by the Saudi Agricultural and Livestock Investment Company, with Singapore’s Olam Group holding the balance. The company operates across grains, edible oils, rice, animal protein, and cotton, and handled over 45 mn metric tons in 2024.

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