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PIF's SALIC acquires 35% of Olam Agri for $1.24bn

RIYADH: The Saudi Agricultural and Livestock Investment Co., SALIC, a wholly-owned subsidiary of the Public Investment Fund, signed an agreement to acquire 35.43 percent of Olam Agri Holdings for SR 4.65 billion ($1.24 billion). The transaction is expected to be completed in 2022 after obtaining the required approvals from the relevant authorities, SALIC said in a statement. ....

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Cultural Development Fund in deal to boost Saudi innovation, talent

The Cultural Development Fund has inked a deal with Saudi bourse to advance the cultural sector, bolster innovation and foster national talent. As part of this, the Fund will launch a incentive programme with an allocation of SR181 million ($48 million). ....

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