Salic folds Ukrainian CFG into Olam Agri

PIF-owned Salic is integrating its wholly-owned Ukrainian subsidiary Continental Farmers Group (CFG) into Olam Agri, the Singapore-based global agrifood giant in which it holds an 80% stake, according to a company statement.

Doubling down on global reach: CFG has been in Salic’s hands since 2018, and now it manages close to 200k hectares of farmland in western Ukraine, runs storage facilities with roughly 530k tons of capacity, and produces over 1 mn tons of grain annually. Last year, Salic acquired 80% of Singapore’s Olam Agri for USD 1.8 bn, gaining access to food, feed and fiber, agri-industrials, and ag-services in over 30 countries.

Why this matters: The move feeds directly into the Kingdom’s food security calculus. Saudi Arabia still relies on imports to meet 70-80% of its total food demand, and the recent US-Iran tensions have exposed just how fragile that dependence can become when wartime choke points tighten. The move also builds one integrated system for Salic connecting its domestic and international assets into a single ecosystem, building a more resilient agrifood supply chain.