Doha, Qatar: Archer Daniels Midland Company (ADM), a global leader in agricultural supply chain management and processing, has partnered with Commercial Bank to launch ADM STF LLC in the Qatar Financial Centre (QFC). This move positions ADM as the first agro-commodity trader licensed in QFC. It sets a precedent for similar global entities looking to expand into the region.
With its extensive global asset base and expertise in commodity trading, ADM is well-positioned to strengthen the global food supply system. This ensures sustainable nutrition for billions worldwide.
Strategic Expansion into the Middle East
Olivier Boujol, Vice President and Global Head of Structured Trade Finance at ADM, emphasized the significance of this expansion:
“The launch of ADM STF LLC in QFC marks a major milestone in our strategy to grow in the Middle East. Establishing this entity allows us to leverage Qatar’s dynamic business environment while enhancing our ability to meet global nutritional needs.”
Commercial Bank’s Commitment to International Growth
Fahad Badar, EGM, Chief Wholesale and International Banking Officer at Commercial Bank, highlighted the strategic importance of ADM’s presence in Qatar:
“ADM’s licensing in QFC reinforces Commercial Bank’s role as a trusted financial partner for international businesses. This milestone not only strengthens the agro-commodity sector but also showcases Qatar’s attractiveness to global companies. We anticipate further growth as more businesses recognize the potential of this dynamic market.”
QFC Welcomes ADM’s Landmark Move
Yousuf Mohamed Al Jaida, CEO of QFC, welcomed ADM’s entry, emphasizing its impact on Qatar’s economy:
“We are delighted to welcome ADM as the first agro-commodity trader under QFC. This demonstrates Qatar’s growing appeal as a hub for global trade and reinforces our commitment to economic diversification. ADM’s presence highlights the strength of our business ecosystem and the potential for growth in the agriculture and commodities trade sector.”
The establishment of ADM STF LLC marks a strategic step toward strengthening Qatar’s role as a global trade hub. It enhances food security and attracts world-class enterprises to the region.
