Saudi Arabia: Privatisation drive gets another push as milling companies sold

Issue 1124 - 22 Apr 2021

Riyadh has sold two more milling companies for a combined SR3bn ($800m), in the latest stage of a slow-moving privatisation programme. The Second Milling Company was sold for SR2.1bn to a consortium including the local National Agricultural Development Company and Singapore-based Olam International. The Fourth Milling Company was awarded to Allana International, Abdullah Al-Othaim Markets and United Feed Manufacturing for SR859m.

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