According to Salik, the transaction happened through the (Munirva Vodspels Australia) company, a joint venture that the two companies started last year.
According to the disclosure of the regulatory authorities, after the deal, the deal will control about 15 percent of the sheep and sheep market in Australia, where the two companies “Share Lake” and “Great Eston Apatwar” are already.
“We believe that supporting our operations in Australia and investments in improving facilities and maximizing the benefit of operational and commercial structures would lead to a significant improvement in the coming months,” said Mounirva.
Munirva stated that the Australian company has two manufacturing facilities in Victoria, is capable of butchering 3. 78 million heads yearly, and that exports account for 93% of its revenues.
“The new acquisition in partnership with the Brazilian company Munirva comes within the framework of Salik’s strategic goals by contributing to achieving national food security targets in strategic goods by expanding and diversifying foreign investments in countries with relative balance, where Australia is one of the largest meat exporting countries,” said Suleiman Al-Rumaih, CEO of Salik. Across the board, more than 42%.
The Brazilian company anticipates that the agreement would increase the scope of its higher value-added products and boost its position in niche markets.
Salik, which was established in 2011 to secure the food supplies of Saudi Arabia through huge production and foreign investment, has 31 percent of the capital of the shareholders in Mounirva..
Brazilian business Munirva and Saudi Arabia purchase a meat company
About Author
