First Mills shareholders approved transferring the statutory reserve balance of SAR 82.82 million to retained earnings
First Milling Co. (First Mills) shareholders rejected a proposal to add a new article to the company’s bylaws relating to restrictions on changes in shareholders’ ownership of shares during the extraordinary general meeting (EGM) held on June 28. 
In a statement to Tadawul, the company said shareholders approved amendments to several of its bylaws and the addition of several new articles, including one on board decisions regarding urgent matters.
Shareholders also approved the transfer of the statutory reserve balance of SAR 82.82 million, as reported in the annual financial statements for 2025, to retained earnings.
In addition, the EGM approved the appointment of Mohammed AlSwidan as the new member for the vacation seat on the board, effective from the date of the EGM until the end of the current term on Aug. 14, 2026.
First Mills shareholders approved transferring the statutory reserve balance of SAR 82.82 million to retained earnings
First Milling Co. (First Mills) shareholders rejected a proposal to add a new article to the company’s bylaws relating to restrictions on changes in shareholders’ ownership of shares during the extraordinary general meeting (EGM) held on June 28.
In a statement to Tadawul, the company said shareholders approved amendments to several of its bylaws and the addition of several new articles, including one on board decisions regarding urgent matters.
Shareholders also approved the transfer of the statutory reserve balance of SAR 82.82 million, as reported in the annual financial statements for 2025, to retained earnings.
In addition, the EGM approved the appointment of Mohammed AlSwidan as the new member for the vacation seat on the board, effective from the date of the EGM until the end of the current term on Aug. 14, 2026.
