15 Hrs
Source:
الاقتصادية
Salik assets worth 32B riyals and 25% of Saudi wheat | The Economic Journal
The article discusses the development and strength of Saudi Salic Group, which possesses assets exceeding 32 billion riyals and handles over 50 million tons of strategic commodities annually. The group supplies 25% of the Kingdom's wheat consumption. Its global investments, spanning over 30 countries across six continents, focus on enhancing the resilience of Saudi food security by monitoring international markets and diversifying supply sources. The CEO explained that Salic's strategy includes acquiring stakes in global companies and expanding its supply network, with the capacity for direct market monitoring. This approach aims to address market volatility and international crises, especially in light of rising wheat prices resulting from reduced supplies from Russia and Ukraine, as well as the impact of the Strait of Hormuz on global supply chains.
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