SAGO to receive privatization program requests until Nov. 30

The Saudi Grains Organization (SAGO) and HSBC Saudi Arabia, financial advisor for the flour mills privatization program, said potential investors can submit requests by Nov. 30, 2018 maximum.

Also, November 15 will be the last day in which both entities can receive the related inquiries from potential investors.

In June, SAGO and HSBC launched the qualification phase for potential investors interested in the sale of its four flour mills.

The organization launched the phase by publishing the qualification criteria, along with the details on the qualification process and timing, it said in a statement.

Saudi Arabia is looking to privatize its flour mills, which are among the largest in the Middle East and North Africa region.

Late in 2015, SAGO transferred the ownership of four of its flourmill companies to the Public Investment Fund, Argaam earlier reported.