Salic launches Sabil: PIF-backed Saudi Agricultural and Investment Company (Salic) launched the National Grain Supply Company (Sabil) to oversee grain storage and supply operations, deepen collaboration with the private sector, and facilitate growth in the agri-food sector across the Kingdom, according to a statement.

The details: Sabil — wholly owned by the Public Investment Fund — will assume full control over the import, handling, and distribution of grain, operating 14 grain silos with a combined capacity exceeding 2.7 mn tons.

Shared management: The General Grain Corporation will continue to play a regulatory and supervisory role after the handover, including key facilities at Jeddah Islamic Port, King Abdulaziz Port, Yanbu Commercial Port, and Jazan Port.

REFRESHER- Salic acquired an additional 44.6% stake in Singapore’s Olam Agri Holdings for USD 1.78 bn last February, increasing its ownership to approximately 80% and Olam Group retaining a 20% stake. The acquisition gave Salic access to food, feed and fibre, agri-industrials & ag-services in over 30 countries, expanding its footprint to global food and agri-trade flows.

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