Saudi Agricultural and Livestock Investment Company
Business Gate, Almarhoomah Street, Riyadh, Ar Riyad, 13244, Saudi Arabia
Overview
SALIC is an investment firm specializing in agricultural investment and livestock production. The firm seeks investment opportunities in countries that welcome foreign investment and enjoy comparative advantages. It invests in agricultural commodities such as barley, wheat, corn, soybean, rice, sugar, edible oil, and red meat. The company's investments contribute to the provision of targeted food supplies and implement its ambitious strategy to enter into partnerships with governments, companies, and communities.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Financial Services
Investment portfolio
- Hummingbird Technologies
Led · Series B · Oct 2019
Hummingbird Technologies is a London-founded (2016) remote-sensing agtech company that combines drones, satellite imagery and machine learning to deliver high-resolution field maps and decision-support for cereal, canola, potato, sugarcane, corn, pea, soybean and lettuce growers. The company says its platform delivers a consistent input-optimization uplift of 10–20%, depending on geography and product. Hummingbird operates in large farms across Russia, Ukraine, China, the US, Canada, Brazil and the UK and counts clients such as Continental Farmers Group, John Deere, Velcourt and PepsiCo. It plans expansion into parts of the US and Canada (a rollout targeting about 1 million acres in Canada and the US across 2020–2021) and is hiring to grow its roughly 40-strong London team. The business will use the Series B proceeds to augment its position in core international markets and to invest in API software integration and machine-learning improvements at both team and code level.
Team
Sulaiman AlRumaih
CEO
LinkedIn