First Milling Completes SAR 48 Million Al-Kenan Acquisition

FIRST MILLS +0.18%

FIRST MILLS

2283.SA

56.60

+0.18%

First Milling Company announced on December 2, 2025, that it has completed the acquisition of a 60% stake in Al-Kenan Al-Arabia Trading Company, a single-person limited liability company. The transaction, which was initially announced on September 16, 2025, was finalized after fulfilling all agreed conditions and obtaining necessary regulatory approvals. The acquisition cost remains at SAR 48 million as previously disclosed, with no changes to the original terms.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91842&anCat=1&cs=2283&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.