For the first time after twenty- years Central Silo presents a primary balance of its activities

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Sat, Jul 15 2023 9:29 AM
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After 20 years, Central Silo State-owned Corporation (SOC) presented its opening primary balance for the first time in the meeting of the board of directors, which was held in the General Directorate hall of SOC.
In this meeting, the members of the board of directors of Central Silo SOC, after hearing the defense of the balance sheet of Central Silo SOC approved the opening primary balance of the fiscal year 1401 of that State-owned Corporation and directed the officials of the SOC to carry out the necessary actions.
It should be mentioned that Central Silo SOC has not presented its profit and loss balance sheet since 2003 (1382 Hijri Year), and therefore, the corporation's financial status was not certainly specified during this period. After the recent developments in the country and as a result of the cooperation and leadership of the Ministry of Finance (Mof), for the first time the financial status of the state-owned corporation was determined from the beginning of the financial year 1401 and the corporation was embedded on its main path for sustainable financial growth.
It is also worth reminding that after a thirty-year hiatus, Central Silo SOC has resumed its activities and is currently

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continuing its activities in the wheat processing and distribution sectors, the production of various types of bread and the production of flour.

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