Saudi Arabia fully privatizes its multi-billion riyal flour milling industry
Successful mega-bids placed for Kingdom's Second and Fourth milling companies
Source: gulfnews.com
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Abdullah Al Othaim in consortium awarded $229mln contract
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Source: zawya.com
Saudi Arabia picks up SR5.77 billion selling off four government-owned flour mills
Winners of the latest The award of each Milling Company was decided based on the highest financial bids submitted by qualified strategic investors, which were thoroughly reviewed to ensure adherence to the terms stipulated in the Request for Proposal for the second batch of the privatization, in accordance with the privatization of the flour milling, as shown below. The Second Milling Company was picked up by a consortium of Abdulaziz AlAjlan Sons Co. for Commercial and Real Estate Investments, Sulaiman Abdulaziz AlRajhi International Co., NADEC, and Olam International ltd., after putting up...
Source: gulfnews.com