Logo of First Milling Co.
First Milling Co. announced that it has not received any official notice from the General Food Security Authority (GFSA) on a pricing policy change. This means the current subsidy policy remains unchanged starting today, July 13. 
In a Tadawul statement, the company reaffirmed its commitment to the objectives of National Food Security policy food security by providing high-quality products and maintaining sufficient production capacity.
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It also thanked the GFSA for its continued support, which helps serve citizens and ensure food security in the Kingdom.
First Milling noted that the authority, formerly known as the General Grain Organization, and the company signed a wheat supply deal on November 30, 2020, which ended on July 12, 2025.
According to Argaam’s data and the company’s prospectus, the deal allows First Milling to buy wheat from the authority at a subsidized rate.
Under the agreement, the company earns a fixed net revenue of SAR 320 per ton of regulated flour, based on a SAR 180 wheat purchase price and SAR 500 flour selling price. This margin remained unchanged through July 12, 2025.
Logo of First Milling Co.
First Milling Co. announced that it has not received any official notice from the General Food Security Authority (GFSA) on a pricing policy change. This means the current subsidy policy remains unchanged starting today, July 13.
In a Tadawul statement, the company reaffirmed its commitment to the objectives of National Food Security policy food security by providing high-quality products and maintaining sufficient production capacity.
For more news on listed companies
It also thanked the GFSA for its continued support, which helps serve citizens and ensure food security in the Kingdom.
First Milling noted that the authority, formerly known as the General Grain Organization, and the company signed a wheat supply deal on November 30, 2020, which ended on July 12, 2025.
According to Argaam’s data and the company’s prospectus, the deal allows First Milling to buy wheat from the authority at a subsidized rate.
Under the agreement, the company earns a fixed net revenue of SAR 320 per ton of regulated flour, based on a SAR 180 wheat purchase price and SAR 500 flour selling price. This margin remained unchanged through July 12, 2025.
