A Saudi Investment Firm is Interested in

Acquiring a 30% Share in a Pakistani

Beef Exporter.
The Organic Meat Company Ltd, a Pakistani meat processor, revealed on Wednesday that a Saudi
investment firm that deals in agricultural commodities have expressed its intention to acquire a 30% stake
in TOMCL. Saudi Agricultural and Livestock Investment Company (SALIC) has appointed
PricewaterhouseCoopers to conduct due diligence on TOMCL.

The Saudi Agricultural and Livestock Investment Company (SALIC), a Saudi Joint Stock Company
controlled by the Public Investment Fund, has shown interest in acquiring up to 30 percent of the
company's shares, according to a filing made by TOMCL and made available to the Pakistan Stock
Exchange.

The Pakistani meat supplier indicated that the capital investment remains in the discussion phase and that
no binding deals of any kind have yet been struck with SALIC. The proposed investment will be subject
to a number of circumstances, including agreement on the corporate terms and conditions and obtaining
all relevant internal and external approvals.

As the first Pakistani company to export pet food to these countries, TOMCL was given contracts worth
$1 million to export pet food to Europe and the US. Millions of dollars' worth of contracts have been
awarded to the corporation to provide items to the Middle East.

According to TOMCL's financial accounts for the fiscal year that concluded on March 31, 2022, the
company's revenues increased by 28% over the previous year to Rs3,449 million. Hope it will open new
doors for investment in Pakistan.