Saudi company advised on acquisition of WA farmland
The Saudi Agricultural Livestock Investment Company has been advised on its acquisition of over 200,000 hectares of farmland in Western Australia’s wheat belt.
Firm: Clayton Utz (Saudi Agricultural Livestock Investment Company (SALIC)).
Deal: SALIC has acquired an aggregation of over 200,000 hectares of farmland in Western Australia’s wheat belt, comprising 76,000 hectares of freehold land and 134,000 hectares of leasehold land, and also carries 40,000 Merino sheep.
Key players: The CU team was led by partner Mark Paganin and special counsel Scott Girdler, and supported by lawyers Benjamin Depiazzi, Amy Watson and Nic Rawlinson.
Deal significance: The acquisition is the first in Australia for SALIC, which is owned by the public investment fund of the Kingdom of Saudi Arabia.