SUNDROP Farms Holdings Limited has appointed BMG Financial Group as its financial advisor in Saudi Arabia. Sundrop Farms is considered one of the leading companies in arid climate agribusiness. Sundrop Farms' modern greenhouses rely solely on abundant resources - seawater and sunlight - to produce high-value horticultural crops. Philip Saumweber, CEO of Sundrop Farms, said “we are very interested in the positive developments that are taking place in the Saudi food and water security area. We view the Saudi market as the one with the highest growth in the region and are delighted to have BMG as our exclusive financial advisor in such a key market.” The company has been operating in Australia since 2009, providing local consumers with fresh, pesticide-free, great-tasting, and carbon neutral produce without relying on either dwindling freshwater or fossil fuel resources. Basil Al Ghalayini, CEO of BMG Financial Group, said “we at BMG are focusing on inviting and advising value added international companies to participate in this unprecedented economic boom the country is blessed with. Obviously, food security is at the top of the leadership's agenda coupled with the strategic intent to encourage the utilization of renewables and the conservation of fresh water for irrigation. These are critical and key success factors for Sundrop in such a promising market,” he said. — SG
