Privatization of Saudi flour mills in final stages, says minister

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

“Saudi Arabia is speeding up the planned privatization of the flour mills,” Al-Fadhli said.

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.