First Milling Co. — Capital/Financing Update 2024

Jun 27, 2024

First Mills Company announces the signing of a financing agreement with Saudi Industrial Development Fund (SIDF)

2283 · 27/06/2024 08:01:30 · Announcement #81012 · View on Saudi Exchange

First Mills Company announces the signing of a financing agreement with Saudi Industrial Development Fund (SIDF)

Element List	Explanation
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.

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