SALIC Australia announces the acquisition of Baladjie with first venture into sheep production21-08-2019
28 March 2019
Saudi Agricultural and Livestock Investment Company (SALIC) Australia announces the acquisition of Baladjie Pty. Ltd. on March 28th, 2019. Baladjie is an aggregation of over 200,000 hectares of farming in Western Australia’s wheat belt that also carries a 40,000 head Merino sheep flock. The aggregation comprised of 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).
SALIC CEO Matthew Jansen commented: “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 Farmland Investments, William England, explained 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.
SALIC Australia is a wholly owned subsidiary of SALIC KSA, an agricultural investment company based in Saudi Arabia. SALIC aims to be a world-class food security-focused investment company, making sizeable, meaningful and scalable investments while ensuring a balanced risk optimized portfolio. SALIC focuses on the food security objective of Saudi Arabia while maintaining commercial discipline, and invests both in new projects while taking existing agribusiness projects to new heights.
Photo by Alice Mabin. www.almabin.com