The consortium of Ajlan & Bros Holding Group (ABHG), Al Rajhi International for Investment (RAII), OLAM International (OLAM) and the National Agricultural Development Company (NADEC), acquired the Second Milling Company (MC2) in the Kingdom of Saudi Arabia through a public tender offered by the Saudi Grains Organization. The acquisition is part of the privatization program of Vision 2030. The Second Milling Company’s current flour processing capacity is 1.3 million tons per year, producing flour, bran, and animal feed. The company has branches in Riyadh, Hail and Jazan. The deal is worth approximately US$600 million with Ajlan & Bros Holding Group owning a 45% stake.