Riyadh – Mubasher: The Saudi Agricultural and Livestock Investment Company (SALIC) announced the execution of its first acquisition process in Australia.
SALIC, a subsidiary of the Saudi state-owned Public Investment Fund (PIF), purchased Baladjie Pty Ltd, owning over 494,200 acres of farmland in Western Australia's wheatbelt, along with 40,000 heads of Merino sheep, Reuters reported on Thursday, citing the company’s statement.
The deal value was not disclosed.
In January, SALIC acquired Almarai’s and Saudi Grains and Fodder Holding’s 66% stakes in United Farmers Holding Co. (UFHC) which owns agricultural land in Ukraine.
