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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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SCHEDULE 13D/A 0001767640 XXXXXXXX LIVE 1 Common Shares, no par value 09/04/2025 false 0001122491 10552T107 BRF S.A. 14401 Av. Das Nacoes Unidas 22nd Floor Chac Santo Antonio Sao Paulo - SP D5 04730 090 Sulaiman AlRumaih c/o SALIC 966 112681 333 Business Gate, Building 6, 7452 Airport Branch Rd Qurtubah, Unit No. 2 Ar Riyadh T0 13244-2327 Y SALIC International Investment Company a WC N T0 0 0 0 0 0 N 0 CO Y Saudi Agricultural and Livestock Investment Company a WC N T0 0 0 0 0 0 N 0 CO 0001767640 N The Public Investment Fund a WC N T0 0 0 0 0 0 N 0 OO Sovereign Wealth Fund of Saudi Arabia Common Shares, no par value BRF S.A. 14401 Av. Das Nacoes Unidas 22nd Floor Chac Santo Antonio Sao Paulo - SP D5 04730 090 Explanatory Note This Amendment No. 1 to Schedule 13D ("Amendment No. 1") amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission on August 10, 2023 (as amended to date, the "Schedule 13D"), relating to the common shares, no par value (the "Common Shares"), of BRF S.A., a Brazilian corporation (the "Issuer"), whose principal executive office is located at 14401 Av. Das Nacoes Unidas 22nd Floor, Chac Santo Antonio 04730 090 - Sao Paulo - SP, Brazil. Capitalized terms used herein without definition shall have the meanings set forth in the Schedule 13D. On September 2, 2025, SALIC Investment executed a sale of an aggregate of 185,556,900 Common Shares at a net price per share of approximately R$19.96 via an auction on B3 S.A. - Brasil, Bolsa, Balcao, the Brazilian stock exchange, which settled on September 4, 2025 (the "Disposition"). The information contained on the cover pages is incorporated by reference to this Item 5. The information contained on the cover pages is incorporated by reference to this Item 5. Other than the Disposition, as reported in Item 4, and the Derivative Transaction, as reported in Item 6, the Reporting Persons have not effected any transactions in the Common Shares during the past 60 days. None. As a result of the Disposition, on September 4, 2025, the Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding Common Shares. Substantially concurrently with the Disposition, SALIC Investment entered into a cash-settled derivative transaction referencing 185,556,900 Common Shares ("Derivative Transaction") with an unaffiliated third-party financial institution ("Dealer"). In consideration, SALIC Investment agreed to pay Dealer an upfront payment based on the initial reference price of such referenced 185,556,900 Common Shares as determined pursuant to the terms of the Derivative Transaction, and certain other non-refundable fees payable upfront and on a quarterly basis. Pursuant to the terms of the Derivative Transaction, SALIC Investment may, at any time prior to its expiry, exercise its right to cause the settlement of the Derivative Transaction with respect to such referenced 185,556,900 Common Shares (or a portion thereof designated by SALIC Investment to be unwound) and receive, subject to the terms of the Derivative Transaction, a cash settlement payment from the Dealer as determined pursuant to the terms of the Derivative Transaction. At the expiry of the Derivative Transaction, SALIC Investment will receive, subject to the terms of the Derivative Transaction, a cash settlement payment from Dealer based on the settlement price of the then-remaining number of referenced Common Shares as determined pursuant to the terms of the Derivative Transaction. The Derivative Transaction is currently scheduled to expire on September 2, 2026. SALIC International Investment Company /s/ Sulaiman AlRumaih Sulaiman AlRumaih, Chief Executive Officer 09/04/2025 Saudi Agricultural and Livestock Investment Company /s/ Sulaiman AlRumaih Sulaiman AlRumaih, Chief Executive Officer 09/04/2025 The Public Investment Fund /s/ Yasir O. AlRumayyan Yasir O. AlRumayyan, Governor 09/04/2025