First Mills secures SAR 69M loan from SIDF
First Mills Co. signed a SAR 69.4 million financing agreement with the Saudi Industrial Development Fund (SIDF) to support capital expenditures for upcoming projects and drive the company's expansion, it said in a filing to Tadawul.
The loan will be repaid in 12 equal semiannual installments, starting Feb. 15, 2027, and ending Aug. 15, 2032, following a grace period.
First Mills said it issued an irrevocable bank guarantee from a local bank approved by the Saudi Central Bank (SAMA), covering the full loan amount.
The company added that any material developments related to the SIDF facility will be announced in accordance with applicable regulations.
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