| Element List | Explanation |
|---|---|
| Introduction | First Mills Company signed a financing facility agreement with the Saudi Industrial Development Fund (SIDF) for 69,400,000 Saudi Riyals in order to support its Capex financing for a number of its upcoming projects that will contribute to the Company's activities expansion and growth. |
| Date of obtaining the funding | 2025-06-17 Corresponding to 1446-12-21 |
| Financing entity | The Saudi Industrial Development Fund (SIDF) |
| Financing amount. | 69,400,000 SAR |
| Financing duration. | To be repaid in 12 equivalent (semiannual) installments following the grace period (Payment starts from 15 February 2027G and ends on 15 August 2032G). |
| Guarantees offered for the financing | An irrecoverable unconditional bank guarantee from a local bank approved by the Saudi Central Bank (SAMA) covering 100% of SIDF loan amount. |
| Financing objective | To finance the Capital Expenditure 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. For any inquiries, please contact the First Mills Investors Relations Department at the email: IR@firstmills.com |
