SALIC Increases Stake in Olam Agri to Bolster Global Agricultural Footprint
Saudi Agricultural and Livestock Investment Co., a subsidiary of the Public Investment Fund, has increased its stake in Olam Agri in a significant SR7 billion deal.
Riyadh: The Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of the Public Investment Fund (PIF), announced it has bolstered its holdings in Olam Agri to 80.01%, following an investment deal valued at SR7 billion ($1.88 billion).
This strategic move positions SALIC as a key player in the global food and agriculture sector, leveraging Olam Agri's extensive capabilities in origination, processing, and logistics to enhance supply chain efficiency.
The acquisition brings SALIC’s portfolio to 12 strategically positioned assets globally, underscoring its focus on securing diverse food sources through high-quality platforms.
Olam Agri operates across more than 30 countries, spanning regions including Asia, Africa, Australia, and the Americas.
This investment is emblematic of PIF's broader strategy aimed at economic diversification for Saudi Arabia, with a particular emphasis on strategic sectors.
Sulaiman bin Abdulrahman Al-Rumaih, Group CEO of SALIC, articulated that this investment aligns with the company’s strategic goal of diversifying supply networks and securing direct access to global food sources.
The partnership with Olam Agri, initiated in 2022, has been pivotal in establishing an integrated platform capable of bolstering global food security and supply resilience.
The transaction signifies a monumental milestone for SALIC, enhancing its role within international food supply chains and facilitating the efficient distribution of essential commodities to global markets.
Al-Rumaih further highlighted that this expansion embodies a balance between SALIC’s global ambitions and national responsibilities, reinforcing Saudi Arabia's commitment to Vision 2030 objectives regarding sustainable and future-ready sectors.
The deal's implications extend beyond its immediate financial value, as the PIF continues to play an influential role in driving economic growth in Saudi Arabia.
Between 2021 and 2025, PIF contributed approximately one-third of Saudi Arabia’s non-oil GDP growth, increasing its economic share from 4% to 10%, which translates into a cumulative investment of SR910 billion over this period.
This strategic enhancement by SALIC marks a significant step in consolidating the Kingdom's position within the global food ecosystem, while also aligning with national initiatives aimed at securing food stability and supporting the objectives outlined in Vision 2030.
This strategic move positions SALIC as a key player in the global food and agriculture sector, leveraging Olam Agri's extensive capabilities in origination, processing, and logistics to enhance supply chain efficiency.
The acquisition brings SALIC’s portfolio to 12 strategically positioned assets globally, underscoring its focus on securing diverse food sources through high-quality platforms.
Olam Agri operates across more than 30 countries, spanning regions including Asia, Africa, Australia, and the Americas.
This investment is emblematic of PIF's broader strategy aimed at economic diversification for Saudi Arabia, with a particular emphasis on strategic sectors.
Sulaiman bin Abdulrahman Al-Rumaih, Group CEO of SALIC, articulated that this investment aligns with the company’s strategic goal of diversifying supply networks and securing direct access to global food sources.
The partnership with Olam Agri, initiated in 2022, has been pivotal in establishing an integrated platform capable of bolstering global food security and supply resilience.
The transaction signifies a monumental milestone for SALIC, enhancing its role within international food supply chains and facilitating the efficient distribution of essential commodities to global markets.
Al-Rumaih further highlighted that this expansion embodies a balance between SALIC’s global ambitions and national responsibilities, reinforcing Saudi Arabia's commitment to Vision 2030 objectives regarding sustainable and future-ready sectors.
The deal's implications extend beyond its immediate financial value, as the PIF continues to play an influential role in driving economic growth in Saudi Arabia.
Between 2021 and 2025, PIF contributed approximately one-third of Saudi Arabia’s non-oil GDP growth, increasing its economic share from 4% to 10%, which translates into a cumulative investment of SR910 billion over this period.
This strategic enhancement by SALIC marks a significant step in consolidating the Kingdom's position within the global food ecosystem, while also aligning with national initiatives aimed at securing food stability and supporting the objectives outlined in Vision 2030.
