Riyadh – Sharikat Mubasher: Saudi Agricultural and Livestock Investment Company (SALIC) announced it has completed a major global expansion move, acquiring an 80.01% controlling stake in Olam Agri Holdings in a deal valued at $1.88 billion (approximately SAR 7 billion).

SALIC, a wholly owned subsidiary of the Public Investment Fund, said in a press release that the acquisition marks a significant step in strengthening its global footprint and reinforcing Saudi Arabia’s position within the international food supply chain. The deal gives SALIC access to Olam Agri’s extensive infrastructure and operations spanning more than 30 countries across Asia, Africa, Australia, and the Americas.

The move is expected to enhance supply chain resilience by integrating sourcing, processing, and logistics capabilities, ensuring more efficient global food commodity flows.

Sulaiman bin Abdulrahman Al-Rumaih, Group CEO of SALIC, described the transaction as a “defining moment,” noting that the company’s strategy focuses on diversifying supply networks and securing direct access to global food sources. He added that the acquisition strengthens Saudi Arabia’s food security ambitions while supporting the development of a more resilient and sustainable global food ecosystem.

With this deal, SALIC expands its portfolio to 12 strategic assets worldwide, underlining its approach of investing in high-quality global platforms aligned with Vision 2030 objectives.