January 1st 2017 , MC4 commenced operations as a standalone entity operating on commercial bases in preparation for privatization, it involved bundling the Dammam, Kharj and Madina branches.
1972 The Saudi Grains Organization was established and its key goals were set around.
1). Establishing and operating grain silos, flour and feed mills in the aim of developing the grain, flour and feed industry
2). Purchasing and importing grains as well as ensuring required reserves to cater for emergency situations
1977 SAGO opened the Dammam branch.
1989 SAGO opened the Kharj branch.
2008 SAGO opened the Madina branch.
2009 SAGO launched its privatization program aiming to increase operational efficiency, improve fiscal performance, support economic growth and enhance operational technology.
2011 The Supreme Economic Council – SEC (previously) endorsed SAGO’s privatization strategy to bundle all milling operations under four companies; for Milling Company 4 (MC4), it involved bundling the Dammam, Kharj and Madina branches MC4 commenced operations as a standalone entity operating on commercial bases in preparation for privatization.
2016 The Council of Ministers (COM) released the decision 35, approving SAGO’s privatization program and the establishment of MC4 as a closed joint stock company owned by the Public Investment Fund (PIF)
2017 The expected date for SAGO and PIF to finalize the sale of MC4 to the private sector.