Riyadh – Mubasher: Abdullah Al Othaim Markets Company is acquiring the Fourth Milling Company for SAR 859 million, according to a bourse filing on Tuesday.
The transaction was awarded by the National Center for Privatization to the consortium of Abdullah Al Othaim, Allana International Company, and United Feed Manufacturing Company.
Acquiring the company will be financed through a combination of self-financing by the consortium in addition to borrowing from local banks under the name of Gulf Flour Milling Industrial Company.
The entire shares of the Fourth Milling will be transferred from the National Center for Privatization to Gulf Flour Milling Industrial.
Last April, the listed firm announced being part of a group to jointly acquire a company.
