Saudi Arabia’s SALIC announces investment in Australia

Saudi Agricultural and Livestock Investment Company (SALIC) Australia announced the acquisition of Baladjie Pty Ltd on Thursday April 4, 2019.

Merino sheep (Getty Images)

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Saudi Agricultural and Livestock Investment Company (SALIC) Australia announced the acquisition of Baladjie Pty Ltd on Thursday April 4, 2019. Baladjie is an aggregation of over 200,000 hectares of farming in Western Australia’s wheatbelt that also carries a 40,000-head Merino sheep flock. The aggregation comprised John and Julie Nicoletti’s farming interests and other third-party options. The transaction closed today after receipt of non-objection approval from Australia’s Foreign Investment Review Board (FIRB).

Commenting on the deal, SALIC KSA CEO, Matthew Jansen, said: “The acquisition of Baladjie is an important step for SALIC as we continue to build our global footprint in a meaningful way. It is our first acquisition in Australia as well as our first investment in sheep production.”

SALIC’s Head of Production Agriculture Investments, William England, said that the local team will build on the legacy of John Nicoletti with plans to manage the livestock and grain production enterprise for the long term with a focus on sustainability, profitability, environmental responsibility and support for the local rural community.

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