SALIC (Saudi Agricultural and Livestock Investment Company), or Salic Australia, was established in 2009 as a Saudi joint stock company that is owned by the Public Investment Fund of the Kingdom of Saudi Arabia. Its statutes state that its activity is in the field of investments in agricultural and livestock production in countries that have a competitive advantage in contributing to the production of selected food goods and their availability for export markets.
As a specialist in the field of investments in agriculture and livestock production and supply, SALIC, which has operated since the year 2012, aims to engage in the full supply chain for selected agricultural and livestock goods worldwide.
SALIC's investment focus is not only on agriculture and livestock production, but extends to investments in supply, storage and handling, so that greater efficiency can be developed in delivery systems and security of supplies for all potential customers. The SALIC strategy focuses on nine product categories: wheat, barley, corn, soy bean, rice, sugar, vegetable oils, green fodder, red meat, milk products, poultry and aquaculture.
In 2019 the company completed its first investment in Australia, with the purchase of the Baladjie aggregation of farms, totaling more than 200,000 hectares of broadacre grain and sheep which it operates under the Merredin Farms banner. In 2021, SALIC took a 35% stake in a new joint venture with Brazilian agribusiness giant Minerva called Minerva Foods Australia which owned abbatoirs in WA and in October 2022 spent $400 million acquiring the Colac, Victoria-based Australian Lamb Co.