GAC fines First Mills SAR 10 mln

14/06/2023 Argaam
Logo ofFirst Mills

Logo of First Mills

The General Authority for Competition (GAC) issued fines of SAR 10 million against First Milling Co. (First Mills) for abusing its dominant position by requiring distributors not to sell competitors’ products.

 

First Mills offered 16.65 million shares in an IPO on Saudi Exchange (Tadawul, representing 30% of its capital, which is divided into 55.5 million shares, data compiled with Argaam showed. 

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