Saudi Arabia, April 2025
Saudi Arabia’s SALIC has acquired an 80.01% stake in Singapore-based Olam Agri for $1.78 billion. The deal strengthens the Kingdom’s agricultural investment footprint and expands access to global supply chains in grains, feed and edible oils.
Olam Agri operates a diversified agribusiness across Asia, Africa and other markets. Through this transaction, SALIC will gain control of key assets supporting Saudi Arabia’s long-term food security objectives. The move is aligned with Vision 2030 and supports ongoing efforts to diversify the economy and secure reliable food imports.
Commenting on the announcement, Mohammed AlQurashi, Founder of Saudi FoodTech, said: “SALIC’s strategic acquisition of Olam Agri marks a significant step forward in strengthening Saudi Arabia’s global agricultural footprint. This kind of investment plays an important role in securing supply chains and ensuring access to key commodities for future generations. It also sends a clear message that the Kingdom is not only participating in global food systems but helping shape them through targeted, long-term partnerships.”
The deal adds to a growing portfolio of international agri-food investments led by Saudi institutions and complements local innovation across the domestic food ecosystem.
