Headlines
Saudi SALIC eyes investment opportunities in Russia
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Saudi SALIC is exploring investments in Russian agriculture, focusing on marketing Russian wheat globally and boosting exports to new markets.
MOSCOW (Reuters) -Saudi Arabia's agricultural and livestock investment firm SALIC is studying investment opportunities in Russia but sees more value in helping to market Russian wheat globally, the company's CEO Sulaiman Al-Rumaih said on Friday.
"We are in serious discussions about certain prospects. For us it is the question of time," Al-Rumaih told a grain conference in the city of Sochi in southern Russia.
Al-Rumaih stressed that Russian supplies account for about 50% of Saudi Arabia's total wheat imports, which showed that Russian firms were very competitive and could, with help from SALIC, boost exports to more Middle Eastern and African markets.
"I think we will be more beneficial (for Russia) as conduits of Russian grain to the global market," he said.
(Reporting by Olga Popova, writing by Gleb Bryanski; editing by David Evans)
SALIC is studying investment opportunities in Russia, particularly in the agricultural sector, while also focusing on marketing Russian wheat globally.
Russian supplies account for about 50% of Saudi Arabia's total wheat imports, indicating the competitiveness of Russian firms.
SALIC believes it can be more beneficial for Russia by acting as conduits for Russian grain to the global market.
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