Salic

About Salic

SALIC began operations in 2012 with a strong and broad mandate to invest profitably in agricultural, livestock and associated value chains around the world to help improve food security. SALIC is actively pursuing investment opportunities in countries that welcome foreign investment and have significant agricultural resources. It is widely accepted that global agricultural production and distribution will benefit immensely from new value-adding investments. SALIC’s investments will boost agricultural production and productivity, and enhance efficiency across the agribusiness value chain. SALIC wants its investments to help achieve stable food supplies and prices, and avert food shortages and crises in the long term. In building a global business, SALIC’s strategy​ is to partner with governments, companies and communities. SALIC is keen on investing in and creating greenfield agricultural projects and pursuing partnerships with international and domestic agribusiness investors. SALIC has identified nine priority products​ for investment . SALIC’s business activities will cover the entire ‘farm-to-plate’ value chain for these products. SALIC’s major investment destinations are countries that are surplus producers of one or more of the nine products. SALIC is a joint stock company owned by Saudi Arabia’s Public Investment Fund (PIF)​. It was created on the basis of Saudi Royal Decree No. M/22 of April 2009. With an initial capital of SR 3 billion (US$ 800 million), SALIC operates as an independent corporation pursuing a global agribusiness and investment strategy. SALIC does not benefit from government subsidies and grants for its ongoing operations. SALIC’s long-term vision is to follow Saudi Arabia’s tried and tested formula of establishing a company with the initial capital provided by the government and function as an independent corporation to achieve its basic objective of contributing to food security through profitable global investments.