The integration combines SABIL’s expertise in managing strategic wheat reserves, its nationwide network of silos and storage facilities, and its grain handling and distribution capabilities with National Grain Company’s international sourcing expertise, specialization in grain and feed inputs, and domestic commercial presence.
The company reported record sales volumes and stronger revenues in its first annual report as an independent business while continuing to expand its global footprint.
The deal raises SALIC’s ownership in Olam Agri to 80.01% and moves the business closer to full acquisition within three years.
The move marks a significant shift for SABIL, which has traditionally focused on supporting government-led grain operations
SABIL will manage 14 silo branches across the kingdom, including four located in major ports.