The General Organization for Grains and HSBC Saudi Arabia, the financial advisor for the privatization and potential sale of flour milling companies to private-sector investors, announce the launch of the investor prequalification process, which precedes the potential sale, by publishing a prequalification request document that includes details of the prequalification process, prequalification criteria, and the timeline for receiving prequalification applications.

In a press release issued yesterday, the Authority clarified that the period for accepting qualification applications will begin on Sunday, August 15–26, 2018, noting that the announcement of the potential sale phase and accompanying details will be made after the investor qualification phase is completed. It also drew attention to the icon designated for the program to facilitate participation and to enhance the public’s understanding of the matter.