First Milling Co.
TTADAWUL:228349.60
SAR
-0.32
(-0.64%)
First Milling Co.
TADAWUL:2283
(Saudi Exchange)
Recent
price
49.60
P/E
ratio
10.30
div
yld
6.47%
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- First Milling Co. (2283.SR) operates as a leading Saudi Arabian flour milling company, producing a range of wheat flour products including standard white flour, semolina, and specialty flours for bakery, confectionery, and industrial applications; it also provides wheat milling services and related grain processing solutions. The company serves domestic and regional markets primarily in the Middle East, with production facilities strategically located across Saudi Arabia to support high-volume output and distribution efficiency. Founded in 2013 and headquartered in Riyadh, Saudi Arabia, First Milling Co. focuses on the food processing industry, targeting bakers, food manufacturers, and wholesalers as key customers. Its core offerings encompass various flour grades under brands tailored for local preferences, such as all-purpose flour, bread flour, and bran-enriched products; additional services include grain storage, quality testing, and customized milling contracts to meet specific client specifications. The company maintains a significant production capacity exceeding 10,000 metric tons annually across multiple mills, emphasizing efficiency through modern automation and adherence to international quality standards like ISO certifications. In recent developments, First Milling Co. listed on the Saudi Tadawul exchange in 2024, marking a major capital market debut that enhanced its visibility and funding access for expansion; it also pursued strategic growth through capacity upgrades at key facilities and partnerships with local agricultural suppliers to secure wheat feedstock amid regional supply dynamics. No major acquisitions or name changes have been reported in the last 1-2 years, though the company continues to invest in sustainability initiatives, such as energy-efficient milling technologies, to align with Saudi Vision 2030 food security goals.