Riyadh: The Saudi Agricultural and Livestock Investment Company (SALIC), a Public Investment Fund company, announced today the completion of a strategic deal increasing its stake in Olam Agri Holdings to 80.01%, valued at $1.88 billion, in a move that supports its plans to strengthen its investment portfolio and expand its global market influence.

According to Saudi Press Agency, this step reinforces SALIC's role in the global food and agriculture sector, as Olam Agri is a leading company with integrated operations across the entire value chain, from sourcing commodities to processing and logistics, enhancing supply chain efficiency and reliability.

SALIC CEO Sulaiman Al-Rumaih stated that the company aims to diversify supply sources and secure direct access to food on a global scale, building a resilient system. Since partnering with Olam in 2022, the goal has been to advance global food security.

The investment aligns global ambitions with national priorities, supporting Saudi food security and Vision 2030, and adds to SALIC's portfolio of 12 investments worldwide.