First Milling Co. — M&A Activity 2025

Dec 2, 2025

First Milling Company Announces the Completion of the Acquisition of a 60% Stake in Al-Kenan Al-Arabia Trading Company

2283 · 02/12/2025 08:01:19 · Announcement #91842 · View on Saudi Exchange

First Milling Company Announces the Completion of the Acquisition of a 60% Stake in Al-Kenan Al-Arabia Trading Company

Element List	Explanation
Introduction	Further to the previous announcement of First Milling Company dated 16/09/2025G corresponding to 24/03/1447H regarding the signing of a binding agreement to acquire 60% of the share capital of Al-Kenan Al-Arabia Trading Company (a single-person limited liability company), First Milling Company (the “Company”) announces the completion of the acquisition and the transfer of ownership in favor of the Company. The transaction was completed after fulfilling all agreed conditions and obtaining all necessary regulatory approvals.
Previous Announcement	First Milling Company Announces the Signing of a Binding Agreement to Acquire (60%) in Share Capital of Al-Kenan Al-Arabia Trading Company a Single-Person Limited Liability Company
Date of Previous Announcement on Saudi Exchange’s Website	2025-09-16 Corresponding to 1447-03-24
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The acquisition procedures have been completed, and ownership has been transferred following fulfillment of all agreed conditions and receipt of the required regulatory approvals.
The costs associated with the event, and if they have changed or not with indication of the reasons.	The acquisition cost remains SAR 48 million, as previously disclosed, and no changes have been made to it.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.