PIF’s SALIC supplies 30% of Saudi Arabia’s wheat demand

RIYADH: The Saudi Agricultural and Livestock Investment Co., known as SALIC, met 30 percent of Saudi Arabia’s demand for wheat in 2022, it has announced.

Wholly owned by the Public Investment Fund, SALIC supplied more than 1 million tons of wheat through direct and indirect contracts and exceeded 1.2 million tons in strategic commodities last year. 

“We are proud to supply 30 percent of the Kingdom’s wheat needs through direct and indirect contracts, in addition to a number of other essential food commodities,” SALIC CEO Sulaiman Al-Rumaih said.