SALIC (Saudi Agricultural and Livestock Investment Company) was established as a joint stock company owned by the Public Investment Fund of the Kingdom of Saudi Arabia. Its Charter states that the company's activities are aimed at investing in agriculture and animal husbandry in countries that have a competitive advantage in promoting food production and their availability for export markets.
Saudi Arabian Salic, which already owns 35% of Singapore's Olam Agri, may soon buy the company entirely. Olam Agri, among other things, owns the Azov Grain Terminal. Saudi Arabian company Salic (Saudi Agricultural & Livestock Investment Co.) will gain control over Russian agricultural assets, including the Azov Grain Terminal, through the purchase of Singapore's Olam Agri.