White & Case Advises SALIC on $1.78 Billion Olam Agri Stake Increase
White & Case Advises SALIC on $1.78 Billion Olam Agri Stake Increase. Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), has completed a major deal to increase its stake in Olam Agri Holdings Limited from 35.4% to 80.01%. The $1.78 billion transaction further strengthens SALIC’s […]
White & Case Advises SNB Capital on Successful Entaj IPO on Saudi Exchange
White & Case Advises SNB Capital on Successful Entaj IPO on Saudi Exchange. The recent listing of Arabian Company for Agriculture and Industrial Investment (Entaj), one of Saudi Arabia’s leading poultry brands, on the Saudi Exchange (Tadawul) marks a significant milestone for the country’s stock market. SNB Capital served as the sole financial advisor, underwriter, […]
Saudi Aramco Declares $21B Dividend Amid 12% Profit Drop
Saudi Aramco Declares $21B Dividend Amid 12% Profit Drop. Despite a 12% drop in its full-year net profit for 2024, Saudi Aramco is moving forward with a $21 billion dividend for the fourth quarter of 2024. This significant payout marks a 4% year-on-year increase, amounting to a total SAR80 billion ($21.4 billion). The payment will […]