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SALIC moves full control of National Grain Co. to SABIL

SALIC said it bought the remaining 50% stake in National Grain Co. to secure full ownership before transferring control to its SABIL unit.

Reported · Written up by our desk · Agriculture

SALIC transferred ownership of the National Grain Co. to the National Grain Supply Co. (SABIL) in a ceremony held at Saudi Arabia’s Ministry of Environment, Water and Agriculture in Riyadh, according to World Grain.

The Saudi Agriculture & Livestock Investment Co. said the move is part of a strategy to integrate grain sourcing, storage, logistics, and distribution into a single national ecosystem.

SALIC, the agricultural arm of Saudi Arabia’s Public Investment Fund, added that it acquired the remaining 50% stake in National Grain Co. to secure full ownership before moving it to SABIL.

World Grain reports SALIC said National Grain Co. will remain a separate legal entity wholly owned by SABIL, supporting Saudi Vision 2030 objectives.

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