SALIC acquires stake in Ukraine’s poultry firm MHP

Logo of Saudi Agricultural and Livestock Investment Co. (SALIC)

Saudi Agricultural and Livestock Investment Co. (SALIC), a wholly owned subsidiary of the Public Investment Fund (PIF), acquired a 12.6% stake in Ukraine-based poultry producer, MHP.

In a statement by MHP, the company said that SALIC purchased 13.51 million of its global depository receipts (GDRs) in the market.

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According to data available with Argaam, SALIC was established in 2009 and started operations in 2012. Many of its entities are engaged in agriculture, grain trade, rice, meat and poultry across several countries.

In July 2023, SALIC purchased 180 million shares, or 10.7% of Brazil’s BRF SA, for SAR 1.27 billion.

MHP is a food & agrotech company established in Kyiv, Ukraine, in 1998 and is among one of the world’s top 10 poultry producers. The company operates throughout Ukraine and the Balkans, while its subsidiaries have operations in the Netherlands, the United Kingdom, Saudi Arabia and other countries.