Baladna announced it has signed agreement Baladna Q.P.S.C, has announced that Baladna for Trading and Investment W.L.L, a subsidiary fully owned by Baladna QPSC has entered into a conditional shareholders' agreement (Conditional SHA) with Malaysian companies FGV Holdings Berhad (FGV) and Touch Group Holdings Sdn Bhd (TGH), to develop an integrated dairy farming business in Malaysia. Expected to be commercially operational by 2025, the project will produce 100 million liters of fresh milk per annum within the first three years and is expected to reach 300 million litres of fresh milk within 10 years. Based on Baladna's highly successful “grass to glass” concept, the joint venture will be fully integrated, from crop production to feeding the cows, to the processing and sale of the highest quality fresh milk.

The agreement was signed on Saturday August 6, 2022 by Piet Hilarides, Chief Executive Officer of Baladna; Dato' Mohd Nazrul Izam Mansor, Group Chief Executive Officer of FGV; and YM Raja Dato Idris Raja Halid, Group Chief Executive Officer of Touch Group Holdings. Baladna for Trading and Investment W.L.L, will own 40% of the joint venture, FGV owning 40% and Touch Group will own the remaining 20%. The project, covering an area of 3,259 hectares in FGV Chuping Agro Valley, is expected to involve an investment of circa QAR 3.6 billion.