Commonwealth Hill Station was among the three Jumbuck Pastoral sheep properties sold to Charlie Shahin and his family. (Supplied: Elders)
Three outback sheep stations with a combined total of nearly 1.3 million hectares have been sold by Jumbuck Pastoral.
The properties in SA's far north-west were bought by Charlie Shahin, whose family founded and recently sold the OTR petrol station and convenience store network.
According to Elders, the Shahin family intends to keep running the combined properties as sheep stations.
Australia's largest contiguous sheep station has been bought by billionaire Adelaide businessman Khalil (Charlie) Shahin, whose family founded the On The Run (OTR) petrol station and convenience store network.
The three South Australian stations — which have a combined total of nearly 1.3 million hectares — were purchased for an undisclosed sum after being on the market for around two months.
Mr Shahin and his family have a combined wealth of $1.93 billion, putting them in the top 95 of Australia's richest families or individuals, according to this year's Rich List.
The family, who came to Australia as Palestinian refugees in the 1980s, founded OTR; a company they sold for $1.2bn in 2023. The sale for which was finalised last year.
Charlie and Fred Shahin. Fred started the family company, now Peregrine Corporation, with the purchase of a single service station in 1984. (Supplied)
The stations — Commonwealth Hill, Mobella and Bulgunnia — were all sold by the family farming dynasty the MacLachlans under the company name Jumbuck Pastoral.
The nearly 140-year-old company is one of Australia's oldest and most powerful farming families with an empire that extended across South Australia, Western Australia and New South Wales.
Elders Real Estate chief executive Tom Russo, who oversaw the sale, would not comment on how much the three properties sold for.
Speaking with the SA's Country Hour, Mr Russo said the 1.29 million hectares in South Australia's far north-west was "some of the largest sheep productions ever offered to the market".
"We saw corporate investors, both domestic and international, have a good look at this asset. We also saw really strong incumbent local pastoral families participate in the process and run the ruler over the assets," he said.
The 310,000ha Bulgunnia sheep station in SA's outback is a two-hour drive from Coober Pedy. (Supplied: Elders)