The Saudi Agricultural and Livestock Investment Company (SALIC), which is part of the Public Investment Fund of the Kingdom of Saudi Arabia, has become a co-owner of one of Ukraine’s largest agricultural holdings, Yuriy Kosyuk’s MHP, according to a the report the parent company of the agricultural holding MHP SE on the website of the London Stock Exchange, reports Komersant ukrainskyi
.
According to MHP SE’s parent company, SALIC has acquired 13.51 million shares in the agricultural holding, which is 12.6% of all outstanding shares. As of 18 September, MHP shares were trading at $4 per share, up 3% to $4.12 during trading.
Earlier, in 2023, MHP signed an agreement to establish a joint venture in Saudi Arabia with Desert Hills Veterinary Services Company Limited, where DHV will receive 55% of the shares and MHP will hold 45%.
MHP is the largest chicken producer in Ukraine and is also engaged in grain, oil and meat processing. It supplies chilled chicken half-carcasses to the European market, processing products at its facilities in the Netherlands and Slovakia.
SALIC, which became a co-owner of MHP, acquired the assets of the bankrupt Mriya agricultural holding in 2018, including infrastructure and land plots. The company also owns CFG (Continental Farmers Group), combining assets under this brand with a land bank of 195,000 hectares. In 2024, Continental Farmers Group received permission to acquire the assets of DMV Group, an agricultural holding company based in Odesa.
SALIC, founded in 2011, aims to provide food to the population of Saudi Arabia.
Author – Alyona Kaplina