SABIC Agri-Nutrients Company and Saudi Agricultural and Livestock Investment Company have signed a Memorandum of Understanding to jointly explore global commercial and innovation opportunities to help ensure food security and address growing environmental challenges. The MoU sets a general framework of cooperation that includes: Studying the possibility of joint investment in the value chain. Exploring the potential for international contract farming.

Studying opportunities in international distribution targeting key agricultural markets. Evaluating the possibility of cooperation in logistics and supply chain costs optimization. Developing and testing new fertilizer grades and applications; and utilizing best practices, new grades, digitalization, and carbon farm management.

It also seeks to maximize and drive collaboration between the two companies, as SABIC Agri-Nutrients Company is constantly looking to improve efficiencies through realization of synergies with leading companies and maintaining a competitive edge in global markets. Toward this direction, MoU with SALIC will jointly identify, prioritize and execute opportunities in the area of fertilizers, where expertise is helping farmers produce higher yields and is playing a vital role in providing secure, reliable food sources. SALIC is a Saudi joint-stock company owned by the Public Investment Fund.

Its investment activities, inside and outside Saudi Arabia, is centered on achieving a food security strategy by establishing subsidiary companies or through national, regional, and international partnerships. Memorandum Duration Starting from the date of signing the MoU until 29 February 2024.