Tag Archives: AlRaha AlSafi Food completes acquisition of first milling firm for $540 million

AlRaha AlSafi Food completes acquisition of first milling firm for $540 million

AlRaha AlSafi Food completes acquisition of first milling firm for $540 million

Saudi Arabia- January 06, 2021: AlRaha AlSafi Food Co, consisting of Almutlaq Group, AlSafi Holding Co., Abunayyan Trading Co. and Essa Al-Ghurair Investment LLC, announced the completion of First Milling Company (MC-1) through the Phase-1 competitive tender of the Saudi flour mills privatisation for $540 million (SAR 2.03 billion).

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