About First Mills

First Milling Company is a market-leading Saudi milling company engaged in the production of high-quality flour, feed, bran, and diverse flour derivatives. The Company operates four large-capacity mills strategically located in Jeddah, Qassim, Tabuk, and Al-Ahsa thereby covering all major regions of the Kingdom. Its Jeddah plant is the largest and is located in close proximity to the Jeddah Islamic Port along the main Red Sea international shipping corridor connecting the world’s Eastern and Western hemispheres. Its B2B customers include large industrial players, commercial bakeries, restaurants, and catering businesses, and its other customers include including wholesalers, modern and traditional trade customers, farms and feed distributors, and retail customers. As such, First Milling Company plays a fundamental role in maintaining the fabric of food security throughout the Kingdom.



The Company’s vision is to be the first partner of choice for the food and feed sectors across the Kingdom and the credible source of vital products to the market and communities. It will aim to realize this vision by adhering to four strategic pillars including enhancing its market leadership position, expanding production and storage capacities while better integrating its value chain, synergistically entering new product categories while maintaining its world-class customer service, and being a winning organization.

Investment Highlights

  • First Mills is a market-leading Saudi milling company engaged in the production of high-quality flour products, and wheat byproducts, such as animal feed, bran, and wheat germ. In addition to its B2B products, the Company has a premium flour brand, Aloula, which is marketed in retail outlets across the Kingdom.
  • The Company offers over 48 products to a diverse group of customers, including both business-to-business (B2B) clients such as large industrial players, commercial bakeries, restaurants and catering businesses, and other customers including wholesalers, modern and traditional trade customers, farms and feed distributors, and retail customers.
  • The Company is one of the market leaders in the flour and compound feed market, with a wheat milling capacity of 4,200 tons daily and a feed mixing capacity of 900 tons per day.
  • The Company operates four large-capacity production facilities strategically located across the Kingdom, in Makkah Region (Jeddah Governorate), Al-Qassim Region (Buraidah Governorate), Tabuk Region (Tabuk City), and the Eastern Region (Al-Ahsa Governorate).
  • First Mills is committed to realizing its vision of becoming the first partner of choice in the food and feed sectors, as well as a reliable and sustainable source of high-quality food and feed products for communities and markets in the Kingdom. To accomplish this objective, the Company's approach is based on four strategic pillars: strengthening its market position, optimizing efficiencies and achieving operational excellence, creating high-quality products, and establishing and cultivating the necessary technical capabilities.
  • In FY 2021G, the Company posted solid financial results with sales of SAR 801 million and net income of SAR 198 million representing three-year compound annual growth rate (CAGR) of 11.5% and 25.6%, respectively. In 9M 2022G, the Company achieved sales of SAR 687 million and net income of SAR 197 million.
  • The Company’s proficient team of 726 employees (as of 30 September 2022G) is led by a strong and highly experienced management team, guided by a dedicated Board with extensive leadership experience in the FMCG and milling industries.

For Investors related inquiries:

920010375
(+) 966-500071583
IR@firstmills.com

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