First Milling Co. — Capital/Financing Update 2025

Jun 19, 2025

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

2283 · 19/06/2025 15:52:01 · Announcement #88239 · 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 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

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