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Tag: First Mills

First Mills earnings soar 4.5% to US$125.29M in first half (H1) 2023

SAUDI ARABIA – First Milling Company (First Mills), a leading Saudi milling company, has achieved a 4.5% year-on-year (YoY) growth in sales to generate a total revenue of SAR 470 million (US$125.29 million) in H1 2023. The financial performance follows a report released on July 31 detailing the company’s performance for the first half (H1) and second quarter (Q2) of…

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First Mills announces the final IPO price at US$16 per share, attracts bids worth US$18.35m

SAUDI ARABIA – First Milling Company (First Mills), a market-leading milling firm in Saudi Arabia along with financial advisor SNB Capital has announced it has determined the final price for its initial public offering (IPO) at SAR 60 (US$16) per share to trade on the Saudi Exchange (Tadawul). According to World Grain, the company has successively raised US$266m (SAR999m) in…

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