Privatization of Saudi flour mills on schedule, says minister

Privatization of the Kingdom’s flour mills is going as scheduled, the Saudi Press Agency (SPA) reported on Monday, citing Abdulrahman Al-Fadhli, Minister of Environment, Water and Agriculture and Governor of the Saudi Grains Organization (SAGO).

In October, the Saudi cabinet approved that the privatization committee of the flour mills would transfer all their assets, rights and obligations to the companies established by the Public Investment Fund (PIF), Argaam reported.

Mohammed Al-Shaalan, deputy CEO of the National Center for Privatization and PPP, told Argaam in January that selling the assets of the four flour mills to the private sector is expected to be finalized by mid-2019.