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Frequently Asked Questions
  • What is SALIC?

    SALIC is the acronym for Saudi Agricultural & Livestock Investment Company (SALIC). SALIC was established in November 2011 with a paid-up capital of SAR 3 billion (US$800 million), and is headquartered in Riyadh, the capital of Saudi Arabia.
  • Why did Saudi Arabia establish SALIC and what is the company’s mandate?

    Saudi Arabia established SALIC to contribute to food security in the country and worldwide by investing in agriculture and agribusiness. Food security is both a national challenge for Saudi Arabia (which relies heavily on food imports), and an international problem as the world experiences recurring food crises marked by high inflation and shortages. SALIC is empowered with a strong, broad and global mandate to invest in the entire agribusiness spectrum as dictated by its corporate strategy.
  • How will SALIC help in strengthening Saudi and global food security?

    SALIC will help address the challenge by securing long-term food supplies through its investments. Our strategic investments in land, seeds, fertilizers, equipment, technology, know-how, transportation, storage and innovation through research and development will help farming and agribusiness communities to increase production and stabilize supplies.
  • Who are the key shareholders of SALIC?

    Saudi Arabia’s Public Investment Fund (PIF) is the sole investor in SALIC.
  • What has SALIC achieved in the years since its formation?

    In line with its mandate, SALIC has made significant investments in overseas agribusiness companies, such as G3 Global Grain Group, Canada and Continental Farmers Group Plc (CFG), Ukraine. SALIC has conducted extensive research on global agriculture and the agribusiness value chain, Saudi Arabia’s food situation and other relevant segments to define a global business strategy. We have also conducted extensive research to explore, identify and assess agriculture and agribusiness investment opportunities across the world, mainly in countries that are already identified as potential host countries for Saudi investment. SALIC is already engaged in conversations with a number of prospective partners in several countries, and we continue to explore such opportunities and fine-tune our global investment and business strategy in addition Minerva in Brazil for red meat.
  • Has SALIC invested in any foreign projects or acquisitions already?

    Yes. In April 2015, SALIC, in partnership with Bunge, established a joint venture company in Canada, G3 Global Grain Group (G3). G3 has acquired a 50.1 percent stake in prestigious Canadian wheat and barley marketing organization CWB. In 2013, Saudi Arabia’s United Farmers Holding Company (UFHC), in which SALIC is a partner, acquired the Continental Farmers Group Plc (CFG), Ukraine. CFG is an agricultural and agribusiness player in Europe with a significant land bank in Poland, Ukraine and Minerva for red meat located in Brazil. In addition, SALIC has established two wholly owned overseas ventures that will help facilitate the company’s investments in international projects and ventures: SALIC UK Ltd. and SALIC Canada Ltd.
  • Is SALIC investing in all agricultural products and all types of allied industries? For example, would SALIC invest in poultry farms, fish farms, banana and other fruit plantations?

    No, SALIC is investing in twelve priority products and their value chains as explained in the “Our Business” section of this website. SALIC may expand the list of its priority products for investments in the future.
  • Is SALIC open to investing in all countries around the world?

    SALIC’s investment destinations are led by our business and investment strategies and the twelve priority products vis-à-vis the host country’s strengths related to those products. However, we assess each investment proposal on its merit as long as the proposed project offers a strategic fit. Please refer to the “Our Business” and “Strategy” sections of this website.
  • What feedback has SALIC received from governments and prospective partner companies around the world?

    We have received excellent and very welcoming feedback. We have received a number of expressions of interest and we have held a number of exploratory dialogues with government representatives and prospective partner companies from around the world. These leads and our own initiatives tell us that there is tremendous potential for SALIC to grow as an international agribusiness contributing effectively to food security. Our investments will certainly help achieve higher output and productivity and strengthen efficiency across the agribusiness spectrum.
  • Does SALIC have membership in any international body? If not membership, any other relationship? (Multilateral organizations, bilateral, UN/OECD/FAO/other)? Please provide a list below.

    SALIC is a member of the OECD Advisory Group on Responsible Business Conduct along Agricultural Supply Chains.
  • Who is the official spokesperson for SALIC?

    Eng. Sulaiman Al Rumaih – SALIC CEO Group