Welcome to SJGLE.com! |Register for free|log in
Welcome to SJGLE.com! |Register for free|log in
Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing
The Saudi Agricultural and Livestock Investment Company (SALIC) has announced its acquisition of a 9.2% stake in India-based basmati rice processing company, LT Foods.
Through the deal, SALIC aims to build a solid long-term partnership with LT Foods. The company, a subsidiary of Saudi Arabia’s Public Investment Fund, says that expanding the scope of international investments is one of its strategic goals to achieve national food security targets.
SALIC previously acquired a 30% stake in Dawaat, one of LT Foods’ major rice processing subsidiaries in India.
The total consideration for this latest deal is around SAR 209 million (approx. $53.2 million).
E-newsletter
Tags
Latest News
Recommended Products
Pneumatic plastic ball valve
Ejiao peptide
MONOSODIUM PHOSPHATE
Ammonium sulfate
Quinine Hydrochloride
Zixifu Red Sugar Ginger Tea
Probiotics GM-020
Antarctic Krill Oil
Vitamin D2 powder 100cws
GM-020 probiotic capsules
