19 Hrs
Source:
الاقتصادية
Salik hands over National Grains to Sable
Salek Company, a subsidiary of the Public Investment Fund, has transferred the ownership of National Grain Company to the National Grain Supply Company "Sabel" through its acquisition of its 50% stake. This move aims to enhance Sabel’s capabilities in managing the strategic wheat stockpile, its national network of silos and storage facilities, along with National Grain’s expertise in international supply, grains, and fodder. It is expected that this consolidation will expand Sabel’s scope of commodity coverage and improve its ability to meet local market needs, thereby supporting food security and the Kingdom’s Vision 2030. National Grain Company will continue to operate as an independent entity fully owned by Sabel, within an integrated national framework to strengthen the supply of grains and fodder.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)