| Element List | Explanation |
|---|---|
| Announcement Detail | First Milling Company hereinafter referred to as "the Company," is delighted to announce the establishment of a new limited liability company called "First Food Supplies Company" bearing commercial registration number 4030549803. This entity is wholly owned by the Company and aims to support its future business expansion and fulfill strategic objectives.
First Food Supplies Company will have a capital of SAR 100,000, with First Milling Company holding a 100% stake, and it will be headquartered in Jeddah, Kingdom of Saudi Arabia specializing in various areas including the Manufacture of bakery products, products of grain mills, starches, starch, pasta, couscous, and similar starch products, additionally, it will engage in storage, freight & transport by road, Wholesale of agricultural raw materials and live animals, Wholesale of food, and beverages, Retail sale of food in specialized stores, Wholesale of agricultural raw materials, packaging and covering activities.
The financial effect of the new entity is anticipated to contribute positively to the First Milling Company’s results and course of business, which will appear in the next year 2025G following the commencement of its commercial operation.
For any further inquiries, please contact the Investors Relations Department at the email: IR@firstmills.com |
