Abdullah Al Othaim Markets Company Announces the appointment of a Financial Advisor by The Fourth Milling Company “an associate company” for the process of partial offering of its shares to the public in the Main Market.

Abdullah Al Othaim Markets Company Announces the appointment of a Financial Advisor by The Fourth Milling Company “an associate company” for the process of partial offering of its shares to the public in the Main Market.

Abdullah Al Othaim Markets Company “the Company” announces that the Fourth Milling Company (an associate company) has appointed a financial advisor for the process of partial offering its shares to the public in the capital market, where the company owns indirectly (33.33% ) of the capital share of the Fourth Milling Company. It worth to mentioned that the Company entered in this investment in the mid of the year 2021G, through forming a consortium with other investors who won in acquiring the Fourth Milling Company, which had been offered in a public competition by the National Center for Privatization. Noted that the IPO and the listing in the main capital market is subject to the approval of the Saudi Capital Market Authority and is conditional by meeting the requirements stipulated in the applicable regulations. It is difficult to determine the financial impact at the present time because it depends on the valuation of the Fourth Milling Company , in addition to obtaining the necessary approvals from the competent authorities.

Abdullah Al Othaim Markets Company Announces the appointment of a Financial Advisor by The Fourth Milling Company “an associate company” for