Updated:
SALIC
SALIC, the Saudi Agricultural and Livestock Investment Company, was established by royal decree in 2009 as a wholly owned subsidiary of the Public Investment...
SALIC
SALIC, the Saudi Agricultural and Livestock Investment Company, was established by royal decree in 2009 as a wholly owned subsidiary of the Public Investment Fund. The mandate was explicit: secure long-term access to strategic food commodities for the Kingdom through direct ownership of farmland, processing infrastructure, and logistics assets abroad. Former CEO Abdullah Al-Dubaikhi shaped the early portfolio, and current CEO Sulaiman AlRumaih has since deepened its operational partnerships with global agribusinesses. The firm deploys across asset classes that form a vertically integrated food supply chain. Land acquisitions anchor the strategy—SALIC owns the Continental Farmers Group land bank in western Ukraine and the Merredin Farms Wheatbelt portfolio in Western Australia. Processing and logistics sit alongside: the Yanbu Grain Terminal on Saudi Arabia's Red Sea coast provides import capacity, while the National Grain Company joint venture with Bahri adds shipping and storage. In proteins, SALIC partnered with Brazil's Minerva Foods to create Minerva Foods Australia, giving it exposure to sheepmeat and beef processing operations. A joint venture with Bunge Ltd formed G3 Global Grain Group, a Canadian grain origination and trading platform. Co-investments with UAE-based Al Dahra target Black Sea region grain production. Team size and total deployment are undisclosed. SALIC operates from Riyadh and draws on PIF's balance sheet, coordinating with Bahri, Almarai, and other state-linked entities. In May 2024, CEO Sulaiman AlRumaih outlined plans to more than double SALIC's investment allocation into Brazilian beef production through its Minerva Foods partnership (per Reuters, May 2024). The firm maintains a Strategic Food Commodities Portfolio to buffer domestic supply shocks. SALIC's architecture is distinct among sovereign investment vehicles: it functions less as a financial investor and more as an extension of a national food security ministry. The firm holds physical farmland, operates processing facilities, and owns logistics infrastructure—a hard-asset approach that embeds it directly in the production economics of global agriculture rather than in fund structures or secondary markets.
General information
Firm type
Generalist
Year founded
2009
AUM
Undisclosed
Location
Region
Middle East
Country
Saudi Arabia
City
Riyadh
Corporate office
Riyadh, Saudi Arabia
Principals
Sulaiman AlRumaih
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at SALIC?
Sulaiman AlRumaih has served as CEO since 2018, overseeing investment strategy and execution (per Arabian Gulf Business Insight, 2024). The board is chaired by a PIF appointee, and major investment decisions align with the Kingdom's National Food Security Strategy. The executive team includes specialists in agricultural operations, logistics, and cross-border M&A.
How is SALIC structured relative to the Public Investment Fund?
SALIC is a wholly owned subsidiary of the Public Investment Fund, established by royal decree in 2009. It operates as an independent investment company with its own board and management, but its mandate—securing food supply for Saudi Arabia—flows directly from PIF's broader sovereign objectives. Its deals are not generally co-mingled with other PIF portfolio companies.
Does SALIC invest directly in farmland, or through funds?
SALIC invests directly. It owns and operates farmland holdings such as the Continental Farmers Group in Ukraine and Merredin Farms in Australia. The firm prefers controlling or significant minority stakes in physical assets—land, grain terminals, livestock processing plants—rather than fund commitments or passive LP positions.
Which regions does SALIC target for food-security investments?
SALIC has publicly committed to investments across Australia, the Black Sea region, Brazil, and Canada. Existing holdings include grain production in Western Ukraine and Western Australia, beef processing assets in Australia via Minerva Foods, and grain origination operations in Canada through the G3 Global Grain Group joint venture with Bunge.
What is SALIC's relationship with G3 Global Grain Group?
SALIC is a 50-50 joint venture partner with Bunge Ltd in G3 Global Grain Group, a Canadian grain sourcing and trading platform established in 2015. The venture operates grain elevators, port terminals, and a trading desk, giving SALIC direct access to North American wheat, canola, and barley supply chains (per Bunge and SALIC joint announcements, 2015).
Does SALIC maintain any philanthropic or developmental programs?
SALIC's primary mandate is commercial, but its investments carry a developmental component aligned with Saudi Arabia's Vision 2030 food-security goals. The firm supports domestic agricultural capacity through the Yanbu Grain Terminal and strategic commodity reserves. There is no separate philanthropic foundation publicly disclosed.
How does SALIC source its investment opportunities?
SALIC sources deals through a combination of bilateral government relationships, strategic partnerships with global agribusinesses such as Bunge and Minerva Foods, and direct engagement with target companies. Its sovereign backing and explicit mandate to invest at scale give it preferential access to large farmland portfolios and infrastructure assets that private capital rarely sees.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: