Perth, 10 April 2019: Clayton Utz has advised the Saudi Agricultural Livestock Investment Company (SALIC) on its acquisition of an aggregation of over 200,000 hectares of farmland in Western Australia’s wheat belt. SALIC is owned by the public investment fund of the Kingdom of Saudi Arabia.
The aggregation of farmland purchased by SALIC comprises 76,000ha of freehold land and 134,000ha of leasehold land, and also carries 40,000 Merino sheep. The acquisition is SALIC’s first in Australia.
Corporate partner Mark Paganin and special counsel Scott Girdler led the firm’s team, with key support from lawyers Benjamin Depiazzi, Amy Watson and Nic Rawlinson.