Money and business

“First Mills” completes the acquisition of 60% of “Al-Kenan” for 48 million riyals


First Mills Company announced the completion of the deal to acquire a 60% stake in Al-Kinan Arabian Trading Company, and transferring ownership of the entire stake to the company.

The company said in a statement on its website "Saudi Arabia trading"This came after fulfilling all the terms and conditions agreed upon in the agreement and obtaining all necessary regulatory approvals from the competent authorities.

The value of the acquisition deal amounted to 48 million riyals, which was previously announced on the website. "Trade" There was no change in it.

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