JEDDAH, KSA: The First Milling Company, a leading agro-industrial enterprise, has announced the launch of its fully-owned subsidiary, the First Food Supplies Company. The new venture is set to bolster the parent company’s ambitious growth plans and strategic goals.
With an initial capital injection of SAR 100,000, the First Food Supplies Company is poised to become a major player in the food supply industry. It will operate from its headquarters in Jeddah, Kingdom of Saudi Arabia, and will focus on a diverse range of activities. These include manufacturing bakery and grain mill products, starches, pasta, couscous, and other related starch products.
Moreover, the company will undertake storage, road freight and transport services, wholesale of agricultural raw materials and live animals, food and beverages, as well as retail food sales in specialized stores. It will also be involved in the packaging and covering sector.
The establishment of this new entity is expected to have a positive financial impact on the First Milling Company’s performance. The benefits are projected to be reflected in the company’s financial results in the year 2025G, following the start of its commercial operations.
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