First Mills inks SAR 150M financing deal with SIDF

First Mills Co. signed on June 25 a SAR 150 million financing facility agreement with the Saudi Industrial Development Fund (SIDF) to refinance working capital, boost business operations and enhance expansions and growth, according to a statement to Tadawul.The facility will extend for 24 months and will be repaid in four installments. It will be guaranteed by promissory notes.

The deal included no related parties, the statement added.