One of the first mills production lines
First Milling Co. (First Mills)completed the acquisition of100% stake inAl Manar Feed LLC. for a total value of SAR 77 million. 
The deal includes the transfer of ownership of the factory, along with all assets, rights, and licenses of the acquired company.
For more news and details on MAs
According to a statement to Tadawul, the company said the acquisition will be financed through Shariah-compliant bank facilities, available cash, and other accessible financing programs. It confirmed that all necessary regulatory approvals have been obtained, in addition to fulfilling other commercial and regulatory conditions.
The relative financial impact is expected to be reflected as of Q3 2025 upon consolidation of financial statements, the statement noted adding that there are no related parties to the deal.
The transfer of ownership and official documentation is set to be finalized by March 30, 2026.
Al Manar Feed’s core operations include feed production and its facility is located in the Third Industrial City in Jeddah (MODON). The acquisition aligns with First Mills’ strategy to enhance its production capabilities in the feed segment. The deal will add a daily production capacity of 450 tons, bringing the company’s total daily feed production capacity to 1,350 tons.
The company pointed out that the deal aims to introduce new products to meet growing demand in both local and regional markets, expand geographical reach, diversify income sources, and further develop its product portfolio to enhance shareholder value.
First Mills also highlighted that its board of directors approved the acquisition of 100% of Al Manar Feed Co. Ltd. (a sole proprietorship), conditional upon fulfilling certain requirements. These included achieving specific hourly production efficiency, successful completion of dynamic and static factory operation tests for feed quality and quantity, and satisfactory due diligence results that align with the strategic purpose of the acquisition.
All requirements and verification tests to ensure the factory’s production capabilities were completed, the company added, leading to the final signing of the agreement.
One of the first mills production lines
First Milling Co. (First Mills)completed the acquisition of100% stake inAl Manar Feed LLC. for a total value of SAR 77 million.
The deal includes the transfer of ownership of the factory, along with all assets, rights, and licenses of the acquired company.
For more news and details on MAs
According to a statement to Tadawul, the company said the acquisition will be financed through Shariah-compliant bank facilities, available cash, and other accessible financing programs. It confirmed that all necessary regulatory approvals have been obtained, in addition to fulfilling other commercial and regulatory conditions.
The relative financial impact is expected to be reflected as of Q3 2025 upon consolidation of financial statements, the statement noted adding that there are no related parties to the deal.
The transfer of ownership and official documentation is set to be finalized by March 30, 2026.
Al Manar Feed’s core operations include feed production and its facility is located in the Third Industrial City in Jeddah (MODON). The acquisition aligns with First Mills’ strategy to enhance its production capabilities in the feed segment. The deal will add a daily production capacity of 450 tons, bringing the company’s total daily feed production capacity to 1,350 tons.
The company pointed out that the deal aims to introduce new products to meet growing demand in both local and regional markets, expand geographical reach, diversify income sources, and further develop its product portfolio to enhance shareholder value.
First Mills also highlighted that its board of directors approved the acquisition of 100% of Al Manar Feed Co. Ltd. (a sole proprietorship), conditional upon fulfilling certain requirements. These included achieving specific hourly production efficiency, successful completion of dynamic and static factory operation tests for feed quality and quantity, and satisfactory due diligence results that align with the strategic purpose of the acquisition.
All requirements and verification tests to ensure the factory’s production capabilities were completed, the company added, leading to the final signing of the agreement.
