Saudi Arabia’s First Milling Company announces intention to proceed with IPO

Saudi Arabia’s First Milling Company announces intention to proceed with IPO

Saudi Arabia's First Milling Company said it intends to proceed with an initial public offering and listing of its ordinary shares on the Saudi Exchange, where the offering is expected to comprise a sale of existing shares and result in a free float of 30% of the company’s share capital, a statement on Saudi Exchange reported on Wednesday.

(Reporting by Yomna Ehab Editing by Chris Reese)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.