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Saudi 'Salik' hands over National Grain to 'Sabel'
SALLEK Company, a subsidiary of the Public Investment Fund, has transferred the ownership of the National Grains Company to the National Grain Supplies Company "SABL" through its acquisition of a 50% stake. This measure aims to enhance SABL's integration of strategic wheat inventory management capabilities, the national silo network, and its capacity to receive, store, and distribute grains, while benefiting from the expertise of the National Grains Company in supply and international markets. It is expected that this consolidation will expand the coverage scope for grains and commodities, strengthen capabilities to meet the needs of the local market, and support food security and Vision 2030. This move is part of a strategy to connect local and international investments, with the National Grains Company remaining an independent entity fully owned by SABL within an integrated national system for grains and animal feed.
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