Oman’s Solaris acquires stake in Brazilian grain exporter Agribrasil to bolster food security
Solaris also entered into separate agreements to acquire additional minority interests in the Santa Catarina grain terminal (TESC).
OMAN – Solaris Commodities Holding (Solaris), majority-owned by Oman’s sovereign wealth fund, has announced the acquisition of a controlling stake in Brazilian grain exporter Agribrasil and a key logistics terminal, as part of an ambitious international expansion.
The acquisition agreement, signed on July 28, 2025, marks a pivotal step for Oman as it secures a strategic foothold in Brazil, Latin America’s agricultural powerhouse and one of the world’s top exporters of corn and soybeans.
The deal includes the purchase of a majority interest in Humberg Agribrasil Comércio e Exportação de Grãos SA (Agribrasil), as well as the Santa Catarina grain terminal (TESC), a vital port facility for grain exports.
Solaris also signed separate agreements to acquire minority interests in TESC, further strengthening its logistical capacity in the region. The transaction is pending regulatory approval and is expected to close by the end of 2025.
In a statement, Agribrasil described Solaris as one of the five largest wheat traders globally and emphasized the deal’s potential to expand Solaris’s reach into Brazil’s corn and soybean sectors. It also highlighted how the partnership will enhance access to essential port infrastructure, enabling a more diversified and resilient commodity portfolio.
For Oman, the investment aligns with Oman Vision 2040, the country’s long-term economic diversification strategy. It demonstrates the Sultanate’s proactive approach to mitigating food supply chain risks through targeted global investments.
By gaining direct access to a major agricultural exporter and logistical infrastructure, Oman enhances its ability to meet both domestic and regional food demand in a volatile global market.
Agribrasil, among Brazil’s top five grain exporters, posted robust first-quarter results in 2025, exporting over 1.016 million tonnes of grain, a 75% year-on-year increase.
Net income surged 302% to BRL 1.361 billion (US$253 million), with corn and soy exports accounting for 97% of sales. Notably, the Middle East and North Africa (MENA) region, including Oman, comprised 58% of Agribrasil’s export destinations.
Frederico Humberg, founder and stakeholder of Agribrasil, said the deal would “enhance the company’s global reach and reinforce its commitment to supply stability.”
With Brazil being one of the world’s most important agricultural producers, the acquisition positions Oman to better navigate global market volatility while advancing long-term food security goals.
Sign up to HERE receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
