SALIC acquires United Farmers Holding Group

21-08-2019

15 January 2019 

SALIC has acquired both Almarai and SGAF’s stakes in United Farmers Holding Company (UFHC), representing 66% of the paid-up share capital which is a Saudi Company that manages 44 thousand hectares of crop production in west Ukraine and which produces: wheat, maize, barely, forage and other commodities.

SALIC's acquisition of the wholly-owned United Farmers Holding Company (UFHC) goes with SALIC’s strategy of investing in specialized agricultural companies in line with its mission as part of the Kingdom's food security strategy.