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First Mills Company announces the signing of a financing agreement with Saudi Industrial Development Fund (SIDF)
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FIRST MILLS
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1445/12/21 27/06/2024 08:01:30
| Element List | Explanation |
|---|---|
| Introduction | First Mills Company signed a financing facility agreement with the Saudi Industrial Development Fund (SIDF) for 150 million Saudi Riyals in order to support financing its working capital, and business operations and contributing to the Company's expansion and growth. |
| Date of obtaining the funding | 2024-06-25 Corresponding to 1445-12-19 |
| Financing entity | The Saudi Industrial Development Fund (SIDF) |
| Financing amount. | 150,000,000 SAR |
| Financing duration. | 24 months, to be repaid in four equivalent installments. |
| Guarantees offered for the financing | Loan guarantee under promissory notes for the full value of the financing amount. |
| Financing objective | To finance the working capital needs of the Company. |
| Related Parties | There are no related parties. |
| Additional Information | Any major development related to the financing facility from SIDF will be announced as per related regulations and instructions. |
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.
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Last Price 56.65
Net Change 0.05 (+0.09%)
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