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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.

April 18, 2019 • By Jerome Doraisamy
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Firm: Clayton Utz (Saudi Agricultural Livestock Investment Company (SALIC)).

 
 

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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.

Value: Undisclosed

Area: Corporate

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.

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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.

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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