A consortium of The National Agricultural Development Company (SASE:6010), Al Rajhi International for Investment Company, Ajlan & Bros Holding Group and Olam International Limited (SGX:O32) acquired Food Security Holding Company1 on December 1, 2021. As a member of the Consortium, Olam will participate as the technical partner with a minority stake of 10% in Food Security Holding Company1 and the remaining 90% owned by the other members of the Consortium. Olam acquired a minority stake of 10% with operational responsibility for an equity consideration of SAR 49.5 million.

A consortium of The National Agricultural Development Company (SASE:6010), Al Rajhi International for Investment Company, Ajlan & Bros Holding Group and Olam International Limited (SGX:O32) completed the acquisition of Food Security Holding Company1 on December 1, 2021.