| Introduction | First Mills Company signed a financing facility agreement with the Saudi Industrial Development Fund (SIDF) for 150 million Saudi Riyals in order to support financing its working capital, and business operations and contributing to the Company's expansion and growth. |
| Date of obtaining the funding | 2024-06-25 Corresponding to 1445-12-19 |
| Financing entity | The Saudi Industrial Development Fund (SIDF) |
| Financing amount. | 150,000,000 SAR |
| Financing duration. | 24 months, to be repaid in four equivalent installments. |
| Guarantees offered for the financing | Loan guarantee under promissory notes for the full value of the financing amount. |
| Financing objective | To finance the working capital needs of the Company. |
| Related Parties | There are no related parties. |
| Additional Information | Any major development related to the financing facility from SIDF will be announced as per related regulations and instructions. |
