Operational profit for the full year climbed 21.1% to US$53.46 million while gross profit rose 19.7% to US$79.65 million.
While the decision permits the import and processing of the GM corn for food and feed, it explicitly excludes their cultivation within the trading bloc.
SABIL will manage 14 silo branches across the kingdom, including four located in major ports.
The new plant will have a total production capacity of 90 tons per hour, divided into two poultry feed lines (60 TPH) and one ruminant feed line (30 TPH).
The plant will increase daily wheat milling capacity from 200 tonnes to 300 tonnes and achieve a notable 90% capacity utilization.