First Milling Launches Qassim Flour Mill With 600 MT Daily Capacity

FIRST MILLS

FIRST MILLS

2283.SA

0.00

On August 2, 2026, First Milling Company announced the commencement of commercial operations at its new flour mill at the Company's Qassim branch, following receipt of the final operating license from the General Food Security Authority (GFSA). The new mill has a milling capacity of 600 metric tons per day (approximately 201,000 metric tons annually), bringing the Al-Qassim Plant's total milling capacity to 1,500 metric tons per day. The expansion is expected to enhance production capacity, improve operational efficiency, and support the Company's growth into new geographical markets, with financial impacts anticipated to be reflected in the Company's results starting from the third quarter of 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97141&anCat=1&cs=2283&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.