Land to be transferred to the Public Authority for State Properties Cabinet approves the transfer of assets and liabilities of the mills to the Public Investment Fund

Housing Subsidy - Estate Liquidation

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<The Cabinet issued a decision to transfer the assets, rights and obligations of the mills to the companies established by the Public Investment Fund, in implementation of Cabinet Resolution No. 35 dated 27/1/1437 AH, as decided by the specialized committee for the allocation of mills, with the ownership of lands and silos remaining with the government (General Authority for State Properties), and a number of arrangements in this regard, during the session held on Tuesday at Al Yamamah Palace in Riyadh, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him. This came after reviewing the recommendations submitted by the Minister of Environment, Water and Agriculture, Chairman of the Board of Directors of the General Grain Corporation, and after reviewing the recommendations prepared by the Council of Economic Affairs and Development No. (8-2/40/D) dated 8/1/1440 AH and No. (8-5/40/D) dated 29/1/1440 AH.