Saudi Arabia completes first phase of state mills privatisation - Reuters:
Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatisation, according to a statement by the state grain buyer and privatisation centre.
The long-awaited flour mills sale was one of the first privatisations the kingdom planned as part of a wide-reaching overhaul of its economy.
The first milling company was awarded to Raha AlSafi consortium at 2.027 billion Saudi riyals ($540.1 million) while the third mill went to Alrajhi-Ghurair-Masafi consortium for 750 million riyals, a statement by the National Center for Privatization and PPP (NCP)and the Saudi Grains Organization (SAGO) said.
The final financial bids were submitted on Sunday.
No comments:
Post a Comment