Riyadh, July 14, 2020, SPA -- Following the successful conclusion of the first phase of the flour milling sector privatization through the award of the First Milling Company and the Third Milling Company to strategic private sector investors, the National Center for Privatization (NCP) and the Saudi Grains Organization (SAGO) announced the launch of the Qualification Phase for the second and last phase of the flour milling sector privatization which will involve the full divestment of the Second Milling Company and Fourth Milling Company. During this period, qualification applications from interested investors will be reviewed to ensure compliance with the technical, legal, and financial criteria as outlined in the Request for Qualification ("RfQ") document published on SAGO's and NCP's website. The Grains Privatization Committee will start accepting qualification applications as of Thursday, July 16th 2020. Further details regarding the qualification phase timeline are outlined in the RfQ document. Details of the bidding process, where qualified investors will have the opportunity to conduct their due diligence, and its expected timetable will be shared with Qualified Bidders through a standalone document. --SPA 19:25 LOCAL TIME 16:25 GMT 0017 www.spa.gov.sa/w1370716