Saudi Arabia’s Grain Organization will Privatize Four Mills as Reforms Reach More Sectors

Saudi Arabia’s state grain buyer, the Saudi Arabian Grains Organization (SAGO), said on Thursday it would start accepting applications for qualification of potential investors interested in the sale of its four mills on Aug. 26 as the push toward privatization across several sectors in the Kingdom continues.

Minister of Environment, Water and Agriculture Abdul Rahman Al-Fadli

Minister of Environment, Water and Agriculture Abdul Rahman Al-Fadli

Reuters reports that the agency “will also make an announcement regarding the timeline for the qualification process on the same day,” citing a statement.

Last November, the news service reported that an “unwieldy sale process and onerous ownership rules” were discouraging some potential investors from bidding for Saudi Arabia’s state-owned grain mills.

Archer Daniels Midland Company and Bunge Limited were reportedly among several international companies that have previously expressed interest in bidding for SAGO’s assets.