Saalak doubles assets, saves wheat

The article discusses the development of Saudi Salik Company for Agricultural Investment and Livestock Production, which is considered one of the arms of the Public Investment Fund in the food sector. The company has shown a fivefold increase in its assets over five years, surpassing 32 billion SAR, along with growth in its operations and a focus on maximizing value and global integration in its investments. Salik supplies 25% of the Kingdom's wheat consumption and manages 8% of the global grain trade. Moving forward, it aims to prioritize quality over quantity, expand its presence through investments in markets such as Ukraine, Brazil, Australia, and Canada. "Salik" relies on a hybrid financing model combining self-investments and borrowed funds, with a long-term strategy to enhance food security in Saudi Arabia. The company is working on developing its logistical and regulatory capabilities to ensure supply continuity and strengthen supply chain resilience. It emphasizes diversifying its sources of production and markets to make its system more flexible and reduce risks, while delivering tangible investment returns. Additionally, efforts are being directed toward advancing agricultural technologies and innovation to boost productivity and reduce costs, with the ultimate goal of positioning itself as a leading global company in the grains and food sector.

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