SALIC transfers ownership of National Grains Company to SABL to boost food security

SALIC, a subsidiary of the Public Investment Fund, has transferred full ownership of the National Grains Company to SABL in a move aimed at bolstering Saudi Arabia's grain and feed supply resilience. The transfer, which was announced during a ceremony in Riyadh, brings together the National Grains Company's expertise in sourcing grains from international markets and its local commercial presence with SABL's capabilities in managing the strategic wheat reserve and its network of silos and storage facilities.

This integration is expected to expand SABL's range of grains and commodities, enhance its ability to meet local market needs, and strengthen its role within the Kingdom's grain and feed sector. The National Grains Company will continue to operate as a wholly owned, independent legal entity under SABL, working within an integrated national system for grains and feed inputs to support supply continuity and contribute to Saudi Arabia's food security goals and Vision 2030.

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