SALIC raises stake in Olam Agri to 80% for stronger role in global food supply chains

• Deal valued at $1.88 billion gives PIF-owned SALIC a controlling interest in Olam Agri Holdings
• By raising its stake in the commodities company, SALIC solidifies its place in global food and agriculture supply chains
• SALIC CEO say deal aligns with Saudi Vision 2030’s mandate to empower vital sectors

The Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of PIF, announced the completion of a landmark transaction that raised its equity stake in Olam Agri Holdings to a controlling 80.01%. Valued at $1.88 billion (approximately SAR 7 billion), the acquisition marks a transformative leap in SALIC’s strategy to expand its global footprint.

The transaction solidifies SALIC’s influential role in the global food and agriculture sector. Olam Agri is a leader in essential commodities, integrating sourcing, processing and an extensive logistics network to manage large-scale commodity flows across key markets. These integrated capabilities enhance supply chain reliability and efficiency, helping to ensure the smooth movement of essential food commodities from origin to market.

PIF, as one of the world’s most impactful investors, is driving the economic transformation of Saudi Arabia. PIF’s strategy includes the development of national champions like SALIC that can compete effectively in the international arena.

Commenting on the transaction, Eng. Sulaiman bin Abdulrahman Al-Rumaih, Group CEO of SALIC, said: “Since 2022, Olam Agri has proven to be a trusted strategic partner. However, today’s milestone marks a new chapter in SALIC’s history, fundamentally reshaping our global scale and standing. This is a defining moment that propels us from strategic partnership to global leadership and value-chain command, unlocking the capability to connect international markets and assert our leading role in this vital sector.”

Al-Rumaih added: “This pivot in our business model goes beyond corporate growth; it anchors our national commitment. By leveraging these new capabilities, SALIC is enhancing Saudi Arabia’s active contribution to the global food landscape. This aligns perfectly with Saudi Vision 2030’s mandate to empower vital sectors and secure strategic assets that ensure long-term national prosperity and stability.”

This investment expands SALIC’s growing portfolio to 12 strategic assets worldwide. It underscores the Group’s approach to acquiring high-quality global platforms to ensure access to diverse food sources, leveraging Olam Agri’s extensive infrastructure across more than 30 countries in Asia, Africa, Australia and the Americas.