Saudi Arabia completes the flour milling sector privatization

The National Center for Privatization and Ppp (Ncp) and the Saudi Grains Organization (Sago) announced the sale of the Second Milling Company and Fourth Milling Company to qualified strategic investors. This comes as part of the final stage of the flour milling sector privatization in the Kingdom. The formal signing of the Share Purchase Agreement took place at the Ministry of Environment, Water and Agriculture (Mewa) headquarters in Riyadh, in the presence of Eng. Abdulrahman A. Al-Fadley, the Minister of Environment, Water and Agriculture, the Chairman of the Board of Directors of Sago, the Chairman of the Privatization Supervisory Committee for the environment, water and agriculture sectors, and a member of the Board of Directors of Ncp. The flour milling sector represents one of the targeted sectors for full privatization under Saudi Arabia’s Vision 2030. The sale of the four milling companies to the private sector aims to further strengthen the capabilities of the sector, enhance performance, support diversification of products while maintaining quality.

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