DUBAI - Al Ghurair Investment, Al Rajhi Holding Group and Masafi said on Thursday they had completed the acquisition of a 100% stake in Third Milling Company (MC3) from Saudi Grains Organisation (SAGO) and the National Center for Privatization and PPP (NCP), the companies said in a joint statement.

The sale is part of a wider privatisation programme under Saudi Arabia's Vision 2030 aimed at weaning the economy off oil.

(Reporting by Yousef Saba; Editing by Toby Chopra) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))