Saudi Arabia’s Fourth Milling Company has announced the successful listing of its shares on the Main Market of the Saudi Exchange, following the completion of its initial public offering (IPO).
The company’s shares are now trading under the ticker symbol: 2286.
Fourth Milling offered 162 million ordinary shares, representing 30% of its total issued share capital. The final offer price was set at SAR 5.30 per share.
Khalid Al Maktary, Chief Executive Officer of Fourth Milling Company, commented: “We are proud to announce the successful listing of the Fourth Milling Company on the Saudi Exchange, which marks a significant milestone in our history and further solidifies our position as a leader in Saudi Arabia’s milling industry.”
“As we embark on this new chapter as a publicly listed company, our focus will remain on delivering sustainable value to our shareholders, driving operational efficiency, and supporting the Kingdom’s Vision 2030 goals by contributing to food security and expanding our market presence. We are excited about the opportunities that lie ahead as we continue to innovate and grow.”
