The Saudi Arabian Investment Company for Agriculture and Livestock (SALIC) has concentrated 12.6% of all outstanding shares of MHP, Ukraine’s largest chicken producer.
“SALIC, a wholly owned subsidiary of the Public Investment Fund of the Kingdom of Saudi Arabia (KSA), has acquired 13,514,563 GDRs of MHP SE, the parent company of MHP,” the Ukrainian agricultural holding said in a stock exchange announcement.
MHP’s share price on the London Stock Exchange is about $4 per share.
Salic was founded in 2012, in Ukraine the company already controls the agricultural holding Continental Farmers Group with a land bank of about 195 thousand hectares.
MHP is one of the largest agricultural holdings in Ukraine, which has been actively developing outside the country in recent years. Its Ukrainian land bank is about 370 thousand hectares.
In the first half of 2024, the company reduced its net profit by 33% to $45 million, due to foreign exchange losses of $81 million compared to $5 million in the first half of 2023. EBITDA increased by 20% to $280 million on a 4% decrease in revenue to $1.489 billion, thanks to crop production.
MHP’s founder, majority shareholder and Chairman of the Board is Ukrainian businessman Yuriy Kosyuk.
