Saudi Arabia’s First Milling Company Set to Launch IPO

Saudi Arabia’s First Milling Company has expressed its intention to move forward with an initial public offering (IPO) and the listing of its common shares on the Saudi Exchange. The IPO is expected to involve the sale of existing shares, resulting in a free float of approximately 30% of the company’s share capital. This development was reported in a statement released on Wednesday by the Saudi Exchange, according to Reuters.