2024-09-18T13:36:00+03:00 Economy 2024-09-24T04:00:01+03:00

Ukrainian news

Saudi Salic buys 12.6% of Kosiuk’s MHP

Saudi Salic buys 12.6% of Kosiuk’s MHP

The Saudi Agricultural and Livestock Investment Co (Salic, Saudi Arabia), a subsidiary of the Public Investment Fund of the Kingdom of Saudi Arabia, bought 12.6% of the shares of MHP (Kyiv), one of the largest producers of poultry meat.

This is stated in the message of the MHP, Ukrainian News Agency reports.

According to the statement, Salic acquired 13,514,563 global depository receipts of the MHP that are freely floated in the market.

Salic currently owns 12.6% of MHP's total outstanding shares.

As Ukrainian News Agency earlier reported, Saudi Salic is buying another agricultural producer in Ukraine.

In June 2019, Mriya agricultural holding and Continental Farmers Group (CFG), a subsidiary of Salic (Saudi Arabia), completed the merger of businesses into a single company called Continental Farmers Group.

The company grows wheat, corn, sunflower, barley, rapeseed, buckwheat, potatoes, soybeans and other agricultural crops.

MHP is a vertically integrated complex of enterprises for the production of chicken, hatching eggs, and fodder, engages in crop cultivation, cultivating 360,000 hectares of land, produces chicken meat under the name Nasha Riaba.

The founder of the company is Yurii Kosiuk.