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Modern Mills Company

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uuid00ela9k

Namestring
Modern Mills Company
Legal namestring
Modern Mills Company
Company typeenum
Public
Founded yearint
1982
Descriptiontext

Modern Mills Company (MMC) is a Saudi Arabia-based food manufacturer that produces and distributes flour, animal feed, and animal bran products across the Kingdom. It operates three production facilities — Al-Jumum (Western region, established 2015), Khamis Mushait (Southern region, established 1982, with the largest feed mill in the Kingdom at 1,400 MT/day), and Al-Jawf (Northern region, established 2008) — with combined daily flour capacity of 3,525 metric tons, daily wheat milling design capacity of 4,700 metric tons, and 185,000 MT of silo storage. The company also runs an R&D and innovation center at Al-Jumum equipped with baking-process simulation technology used to develop industrial and consumer flour solutions, including a gluten-free range launched in 2023.

The company serves a horizontal mix of customer segments: B2B bulk flour for bakeries and industrial food manufacturers, professional-grade flour for hotels, restaurants, and cafes, retail flour products (Modern Mills, Qamhati, Qoot and Root brands) for home consumers, and the Premier brand compound feed and animal bran for livestock and poultry farmers. Distribution is conducted via direct field sales to enterprise accounts, wholesale and retail partnerships (including Manuel and Tamimi, with planned expansion to Panda, Danube, and Bindawood), and a customer portal for direct ordering. Multi-brand flour and feed portfolios, ISO14001/ISO45001-certified facilities, and a strategic partnership with the General Food Security Authority (GFSA) for subsidized wheat supply and food-security initiatives underpin its positioning as a key contributor to Saudi Vision 2030 food security.

Modern Mills was privatized in January 2021 when a consortium of MADA Holding and Al Ghurair Foods acquired the previously state-owned Milling Company3, and listed on the Saudi Exchange (Tadawul) main market on March 27, 2024 under ticker 2284 with a 30% free float. MADA Holding (34.5%) and Al Ghurair Foods (31.05%) remain the principal shareholders alongside Masafi (3.45%). As of 2022 the company held approximately 24% of the Saudi flour market by volume and ~7% of the feed market (ranking fourth in compound feed). Q1 2026 reported revenue of SAR 281.23 million and net profit of SAR 68.90 million with a 72.8% return on equity, implying an annualized revenue run-rate of roughly SAR 1.12 billion.

Short descriptiontext

Modern Mills Company is a Saudi Arabia-based food manufacturer producing and distributing flour, animal feed, and animal bran through three facilities (Al-Jumum, Khamis Mushait, Al-Jawf) to bakeries, food manufacturers, hospitality, retail consumers, and livestock/poultry farmers across the Kingdom.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersJeddah, Saudi Arabia
HQ citystring
Jeddah
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
flour milling products, animal feed production, gluten-free flour, bakery ingredients, wheat bran supply
Industry4 codes
1Flour & Milling Products Manufacturing (wheat, corn, rice, specialty flours)
CodeAFAKABADPrimaryYes
2Gluten-Free & Specialty Grain-Based Foods Manufacturing (GF pasta/cereals, ancient grains)
CodeAFAKABAKPrimaryNo
3Livestock Complete Feed Milling & Blending (Cattle/Swine/Poultry)
CodeAFADAIAAPrimaryNo
4Specialty Bakery Manufacturing (Gluten-Free, Artisan, Health-Focused)
CodeAFAKAAAGPrimaryNo
NAICS code2 codes
  • Grain and Oilseed Milling3112
  • Food Manufacturing311
SIC code2 codes
  • Grain Mill Products2040
  • Food And Kindred Products2000
Product category
Flour Milling and Animal Feed Manufacturing
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model3 records
1Flour Product Sales
TypeOne Time License
Description

Revenue from production and sale of flour products to bakeries, industrial sector, hotels, restaurants, cafes, and retail stores. Product portfolio includes home use flour, professional use flour, and bakery/food manufacturer flour. Includes specialty products such as gluten-free flour options.

ir.modernmills.com.sa
2Animal Feed Sales
TypeOne Time License
Description

Revenue from production and sale of animal feed products to livestock sector customers. Products include compound feed for livestock and poultry under the Premier brand, covering livestock fattening, poultry layers, and broiler feeds.

ir.modernmills.com.sa
3Animal Bran Sales
TypeOne Time License
Description

Revenue from wheat bran production and sale for animal use, serving the livestock sector with animal nutrition products.

ir.modernmills.com.sa
Marketing channels9 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels6 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1Modern Mills
Description

Core flour brand of Modern Mills Company.

ir.modernmills.com.sa
+3 more records
Core offering1 text field

Modern Mills Company manufactures and distributes a diversified portfolio of flour products (home-use, professional-use, bakery/industrial-use, and gluten-free specialty flours) and animal feed products (compound feed and animal bran under the Premier brand) for the Saudi Arabian market. The company operates three production facilities in Al-Jumum, Khamis Mushait, and Al-Jawf, serving bakeries, food manufacturers, hotels, restaurants, retail consumers, and the livestock sector.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • 24% flour market share by volume achieved in 2022, up from 20% in 2021
+5 more records
Product and service1 record
1Flour Products (Modern Mills, Qamhati, Qoot and Root brands)
Scale indicator17 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Modern Mills has a strategic partnership with the General Food Security Authority (GFSA) for cooperation on food security initiatives. This includes the 'Li Tadum' (Let it Last) initiative to reduce food loss and waste, awareness campaigns, marketing campaigns, scientific seminars, and workshops. GFSA also serves as the main supplier of wheat to Modern Mills at government-subsidized prices and is the regulatory body overseeing the flour milling sector. The company supports GFSA's food security strategy objectives.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Manuel is a retail partner distributing Modern Mills' gluten-free flour products in Saudi Arabia.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Tamimi is a retail partner distributing Modern Mills' gluten-free flour products in Saudi Arabia.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Panda is a planned retail partner for distributing Modern Mills' gluten-free flour products, with debut expected in January 2024.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Danube is a planned retail partner for distributing Modern Mills' gluten-free flour products, with debut expected in January 2024.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Bindawood is a planned retail partner for distributing Modern Mills' gluten-free flour products, with debut expected in January 2024.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Saudi food manufacturer producing flour, bakery products, and frozen foods. Directly competes with Modern Mills in KSA flour milling and bakery ingredient supply, with overlapping B2B channels into bakeries and food service.

TypeDirect peer
Description

UAE-based flour milling, egg, oat, and animal feed producer and 31.05% owner of Modern Mills. Operates in the same flour milling and compound feed categories across the GCC, serving overlapping B2B bakery and food manufacturer customers.

TypeBroad incumbent
Description

Saudi-listed agricultural and food company with dairy, juice, and food operations. Comparable as a KSA-listed, Vision 2030-aligned, vertically integrated food producer with overlapping B2B channels.

TypeOthers
Description

Saudi government regulatory body and main subsidized wheat supplier to Modern Mills. Indirect comparator as the legacy owner of all three Modern Mills facilities and the architect of the post-IPO regulated flour market framework.

TypeRegional player
Description

UAE-based food ingredients and packaged foods company serving GCC markets. Operates in adjacent specialty food categories including baking ingredients and could expand into KSA flour/bakery markets where Modern Mills is established.

TypeBroad incumbent
Description

Largest vertically integrated dairy and food company in the world, headquartered in Saudi Arabia. Comparable as a KSA-listed, scale-driven, B2B+B2C food producer with overlapping bakery and food service customers.

TypeDirect peer
Description

Major Saudi animal feed and food ingredients manufacturer. Directly competes in the KSA compound feed market with Modern Mills and serves overlapping poultry, livestock, and dairy customers.

TypeDirect peer
Description

Saudi food manufacturer with established flour-based, processed meat, and frozen foods portfolio. Directly competes with Modern Mills in KSA bakery ingredient supply and shares overlapping B2B customer segments in food service and retail.

TypeDirect peer
Description

Saudi-listed poultry, animal feed, and food company that overlaps directly with Modern Mills' Premier feed brand and livestock customer base. Both compete for Saudi compound feed market share and serve poultry/livestock farmers.

TypeBroad incumbent
Description

Largest Saudi food conglomerate (edible oils, foods, retail) and Modern Mills' former employer of multiple senior executives. Comparable as a KSA-listed, foods-focused conglomerate with B2B distribution into bakeries and food manufacturers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers8 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Modern Mills Company

Flour Milling and Animal Feed Manufacturingmodernmills.com.sa

Modern Mills Company is a Saudi Arabia-based food manufacturer producing and distributing flour, animal feed, and animal bran through three facilities (Al-Jumum, Khamis Mushait, Al-Jawf) to bakeries, food manufacturers, hospitality, retail consumers, and livestock/poultry farmers across the Kingdom.

What Modern Mills Company does

Modern Mills Company (MMC) is a Saudi Arabia-based food manufacturer that produces and distributes flour, animal feed, and animal bran products across the Kingdom. It operates three production facilities — Al-Jumum (Western region, established 2015), Khamis Mushait (Southern region, established 1982, with the largest feed mill in the Kingdom at 1,400 MT/day), and Al-Jawf (Northern region, established 2008) — with combined daily flour capacity of 3,525 metric tons, daily wheat milling design capacity of 4,700 metric tons, and 185,000 MT of silo storage. The company also runs an R&D and innovation center at Al-Jumum equipped with baking-process simulation technology used to develop industrial and consumer flour solutions, including a gluten-free range launched in 2023.

The company serves a horizontal mix of customer segments: B2B bulk flour for bakeries and industrial food manufacturers, professional-grade flour for hotels, restaurants, and cafes, retail flour products (Modern Mills, Qamhati, Qoot and Root brands) for home consumers, and the Premier brand compound feed and animal bran for livestock and poultry farmers. Distribution is conducted via direct field sales to enterprise accounts, wholesale and retail partnerships (including Manuel and Tamimi, with planned expansion to Panda, Danube, and Bindawood), and a customer portal for direct ordering. Multi-brand flour and feed portfolios, ISO14001/ISO45001-certified facilities, and a strategic partnership with the General Food Security Authority (GFSA) for subsidized wheat supply and food-security initiatives underpin its positioning as a key contributor to Saudi Vision 2030 food security.

Modern Mills was privatized in January 2021 when a consortium of MADA Holding and Al Ghurair Foods acquired the previously state-owned Milling Company3, and listed on the Saudi Exchange (Tadawul) main market on March 27, 2024 under ticker 2284 with a 30% free float. MADA Holding (34.5%) and Al Ghurair Foods (31.05%) remain the principal shareholders alongside Masafi (3.45%). As of 2022 the company held approximately 24% of the Saudi flour market by volume and ~7% of the feed market (ranking fourth in compound feed). Q1 2026 reported revenue of SAR 281.23 million and net profit of SAR 68.90 million with a 72.8% return on equity, implying an annualized revenue run-rate of roughly SAR 1.12 billion.

Modern Mills Company firmographics

Firmographics
Name
Modern Mills Company
Legal name
Modern Mills Company
Website
https://modernmills.com.sa
Company type
Public
Founded year
1982
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Modern Mills Company is a Saudi Arabia-based food manufacturer producing and distributing flour, animal feed, and animal bran through three facilities (Al-Jumum, Khamis Mushait, Al-Jawf) to bakeries, food manufacturers, hospitality, retail consumers, and livestock/poultry farmers across the Kingdom.
Ownership category
akta.pro rank

Modern Mills Company industry classification

Industry
Product category
Flour Milling and Animal Feed Manufacturing
NAICS
Grain and Oilseed Milling (3112), Food Manufacturing (311)
SIC
Grain Mill Products (2040), Food And Kindred Products (2000)
akta.pro primary industry
Flour & Milling Products Manufacturing (wheat, corn, rice, specialty flours) (AFAKABAD)
akta.pro secondary industries
Gluten-Free & Specialty Grain-Based Foods Manufacturing (GF pasta/cereals, ancient grains) (AFAKABAK), Livestock Complete Feed Milling & Blending (Cattle/Swine/Poultry) (AFADAIAA), Specialty Bakery Manufacturing (Gluten-Free, Artisan, Health-Focused) (AFAKAAAG)

Keywords

  • Flour milling products
  • Animal feed production
  • Gluten-free flour
  • Bakery ingredients
  • Wheat bran supply

Where Modern Mills Company is headquartered

Location

Headquarters

HQ city
Jeddah
HQ country
Saudi Arabia
HQ region
Middle East

Offices4 records

Markets served

Modern Mills Company business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Flour Product Sales: Revenue from production and sale of flour products to bakeries, industrial sector, hotels, restaurants, cafes, and retail stores. Product portfolio includes home use flour, professional use flour, and bakery/food manufacturer flour. Includes specialty products such as gluten-free flour options.
  2. Animal Feed Sales: Revenue from production and sale of animal feed products to livestock sector customers. Products include compound feed for livestock and poultry under the Premier brand, covering livestock fattening, poultry layers, and broiler feeds.
  3. Animal Bran Sales: Revenue from wheat bran production and sale for animal use, serving the livestock sector with animal nutrition products.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Modern Mills Company product offering

Product offering

Core offering

Modern Mills Company manufactures and distributes a diversified portfolio of flour products (home-use, professional-use, bakery/industrial-use, and gluten-free specialty flours) and animal feed products (compound feed and animal bran under the Premier brand) for the Saudi Arabian market. The company operates three production facilities in Al-Jumum, Khamis Mushait, and Al-Jawf, serving bakeries, food manufacturers, hotels, restaurants, retail consumers, and the livestock sector.

Differentiator

Problem solved

Functional benefit

Brands

  • Modern Mills: Core flour brand of Modern Mills Company.
  • Qamhati (قمحتي)
  • Qoot and Root (قوت اند روت)
  • Premier (بريمير)

Products and services

  • Flour Products (Modern Mills, Qamhati, Qoot and Root brands)

Quantifiable outcome

  • 24% flour market share by volume achieved in 2022, up from 20% in 2021
  • +5 more outcomes

Companies that use Modern Mills Company

Customer profile

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Modern Mills Company technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Modern Mills Company partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and minor.

  • General Food Security Authority (GFSA)coreStrategic or Co-development PartnerModern Mills has a strategic partnership with the General Food Security Authority (GFSA) for cooperation on food security initiatives. This includes the 'Li Tadum' (Let it Last) initiative to reduce food loss and waste, awareness campaigns, marketing campaigns, scientific seminars, and workshops. GFSA also serves as the main supplier of wheat to Modern Mills at government-subsidized prices and is the regulatory body overseeing the flour milling sector. The company supports GFSA's food security strategy objectives.
  • Manuel (Retail Partner)minorChannel Partner/ Reseller/ DistributorManuel is a retail partner distributing Modern Mills' gluten-free flour products in Saudi Arabia.
  • Tamimi (Retail Partner)minorChannel Partner/ Reseller/ DistributorTamimi is a retail partner distributing Modern Mills' gluten-free flour products in Saudi Arabia.
  • Panda (Planned Retail Partner)minorChannel Partner/ Reseller/ DistributorPanda is a planned retail partner for distributing Modern Mills' gluten-free flour products, with debut expected in January 2024.
  • Danube (Planned Retail Partner)minorChannel Partner/ Reseller/ DistributorDanube is a planned retail partner for distributing Modern Mills' gluten-free flour products, with debut expected in January 2024.
  • Bindawood (Planned Retail Partner)minorChannel Partner/ Reseller/ DistributorBindawood is a planned retail partner for distributing Modern Mills' gluten-free flour products, with debut expected in January 2024.

Scale indicators17 records

Recent moves8 records

Expansion highlights4 records

Modern Mills Company competitors and assessment

Company assessment

Direct peers

  • Sunbulah Group: Saudi food manufacturer producing flour, bakery products, and frozen foods. Directly competes with Modern Mills in KSA flour milling and bakery ingredient supply, with overlapping B2B channels into bakeries and food service.
  • Al Ghurair Foods: UAE-based flour milling, egg, oat, and animal feed producer and 31.05% owner of Modern Mills. Operates in the same flour milling and compound feed categories across the GCC, serving overlapping B2B bakery and food manufacturer customers.
  • ARASCO (Arabian Agricultural Services Company): Major Saudi animal feed and food ingredients manufacturer. Directly competes in the KSA compound feed market with Modern Mills and serves overlapping poultry, livestock, and dairy customers.
  • Halwani Bros: Saudi food manufacturer with established flour-based, processed meat, and frozen foods portfolio. Directly competes with Modern Mills in KSA bakery ingredient supply and shares overlapping B2B customer segments in food service and retail.
  • Tanmiah Food Company: Saudi-listed poultry, animal feed, and food company that overlaps directly with Modern Mills' Premier feed brand and livestock customer base. Both compete for Saudi compound feed market share and serve poultry/livestock farmers.

Broad incumbents

  • NADEC (National Agricultural Development Company): Saudi-listed agricultural and food company with dairy, juice, and food operations. Comparable as a KSA-listed, Vision 2030-aligned, vertically integrated food producer with overlapping B2B channels.
  • Almarai: Largest vertically integrated dairy and food company in the world, headquartered in Saudi Arabia. Comparable as a KSA-listed, scale-driven, B2B+B2C food producer with overlapping bakery and food service customers.
  • Savola Group: Largest Saudi food conglomerate (edible oils, foods, retail) and Modern Mills' former employer of multiple senior executives. Comparable as a KSA-listed, foods-focused conglomerate with B2B distribution into bakeries and food manufacturers.

Others

  • General Food Security Authority (GFSA): Saudi government regulatory body and main subsidized wheat supplier to Modern Mills. Indirect comparator as the legacy owner of all three Modern Mills facilities and the architect of the post-IPO regulated flour market framework.

Regional players

  • Bayara: UAE-based food ingredients and packaged foods company serving GCC markets. Operates in adjacent specialty food categories including baking ingredients and could expand into KSA flour/bakery markets where Modern Mills is established.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Modern Mills Company social profiles

Digital presence

Modern Mills Company financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Modern Mills Company leadership team

Management profile

Number of profiles

Profiles10 records

Modern Mills Company funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Modern Mills Company M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modern Mills Company

What does Modern Mills Company do?

Modern Mills Company manufactures and distributes a diversified portfolio of flour products (home-use, professional-use, bakery/industrial-use, and gluten-free specialty flours) and animal feed products (compound feed and animal bran under the Premier brand) for the Saudi Arabian market. The company operates three production facilities in Al-Jumum, Khamis Mushait, and Al-Jawf, serving bakeries, food manufacturers, hotels, restaurants, retail consumers, and the livestock sector.

Is Modern Mills Company a public or private company?

Modern Mills Company is a public company. It is classified as public and is currently operating.

When was Modern Mills Company founded?

Modern Mills Company was founded in 1982. It employs 501 to 1,000 people.

Where is Modern Mills Company based?

Modern Mills Company is headquartered in Jeddah, Saudi Arabia, in the Middle East region.

How does Modern Mills Company make money?

Three revenue lines are on record. Flour Product Sales are the primary driver. The others are animal Feed Sales and animal Bran Sales.

Who are Modern Mills Company's main competitors?

Direct peers on record are Sunbulah Group, Al Ghurair Foods, ARASCO (Arabian Agricultural Services Company), Halwani Bros and Tanmiah Food Company. Broad incumbents are NADEC (National Agricultural Development Company), Almarai and Savola Group. General Food Security Authority (GFSA) is listed as an others. Bayara is listed as a regional player.

Does Modern Mills Company have an API?

No public API is recorded for Modern Mills Company.

What industry is Modern Mills Company in?

Modern Mills Company's product category is Flour Milling and Animal Feed Manufacturing. Its primary akta.pro industry code is AFAKABAD, Flour & Milling Products Manufacturing (wheat, corn, rice, specialty flours), with a secondary code of AFAKABAK, Gluten-Free & Specialty Grain-Based Foods Manufacturing (GF pasta/cereals, ancient grains). Its NAICS code is 3112 and its SIC code is 2040.

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Live signals
ZawyaSaudi’s Modern Mills inks $63mln loan facility with SABModern Mills Company signed a 235 million riyals ($63 million) loan facility with Saudi Awwal Bank to finance a new feed mill project in Al Jumum, Makkah province. The loan is intended to largely fund the project.ArgaamModern Mills inks SAR 235M credit facility deal with SABModern Mills signed a Shariah-compliant credit facility worth SAR 235 million with Saudi Awwal Bank. The financing covers a new feed mill project at Al-Jumum and working capital, split into SAR 120 million capex and SAR 115 million revolving credit. A promissory note was provided as collateral.ArgaamModern Mills inks SAR 235M credit facility deal with SABModern Mills signed a Shariah-compliant credit facility worth SAR 235 million with Saudi Awwal Bank. The financing covers a new feed mill project at Al-Jumum and working capital, split into a SAR 120 million capex loan and a SAR 115 million revolving facility. A promissory note was provided as collateral.ArgaamModern Mills inks SAR 23.5M credit facility deal with SABModern Mills Co. signed a Shariah-compliant credit facility agreement worth SAR 23.5 million with Saudi Awwal Bank (SAB) to finance its new feed mill project at Al-Jumum and support working capital. The financing includes a SAR 120 million Capex component with an eight-year tenure and a SAR 115 million revolving credit facility with a one-year tenure.ArgaamTASI: 2 stocks, 1 REIT trade ex-dividend todayTwo stocks listed on the Saudi Tadawul stock exchange (Thob Al Aseel and Modern Mills) and units of Mulkia REIT began trading ex-dividend on August 6, 2026. Thob Al Aseel will distribute SAR 0.11 per share for H1 2026, Modern Mills SAR 1 per share with payment due on August 25, 2026, and Mulkia REIT SAR 0.08 per unit for Q2 2026.EnterpriseamModern Mills taps Majed Nofal as its new CEOMajed Nofal will become CEO of Modern Mills on 1 July, succeeding Ahmad Hijazi, who will return as VP of the Feed Business. Nofal brings over 25 years of experience in food manufacturing and FMCG, most recently as CEO of Takween Advanced Industries.EnterpriseamModern Mills ramps up food push with new 42k-ton plantModern Mills will add 42,000 tons to its annual production capacity via a new food ingredients plant in western Saudi Arabia, backed by a SAR 87.7 million investment. The project aims to expand its value-added food portfolio, with preliminary work set to start in 3Q 2026 pending regulatory approvals.EnterpriseamSabic back in black + a flurry of 1Q earningsSabic posted a net income of SAR 13.2 million in 1Q 2026, reversing a SAR 1.2 billion loss, though revenue fell 10.7% to SAR 26.2 billion. The company is selling its European petrochemicals and engineering thermoplastics units for SAR 3.6 billion, with the Fujian project 98% complete. Capital spending is capped at USD 3.5-4 billion for the year.Investing.comSaudi Arabia shares lower at close of trade; Tadawul All Share down 0.06% By Investing.comSaudi Arabia's stock market declined slightly by 0.06% at close, with some stocks experiencing significant gains, including Saudi Pharmaceutical Appliances and Methanol Chemicals Company, while others like Modern Mills Company SJSC and Saudi Fisheries Co. fell to five-year lows. Oil prices increased with Brent and WTI crude rising amid a mixed commodities market, and currency exchange rates showed slight variations.Investing.comSaudi Arabia stocks lower at close of trade; Tadawul All Share down 0.06% By Investing.comSaudi Arabia's Tadawul All Share Index declined 0.06% in Monday's trading session, with losses across multiple sectors outpacing gains as 181 stocks fell against 143 that rose and 21 remained unchanged. Among notable movers, Saudi Pharmaceutical Appliances led gainers with an 8.11% rise while Modern Mills Company and Saudi Fisheries Co. were among the worst performers, with the latter touching five-year lows. Crude oil prices rose over 3% to above $98 per barrel for April delivery, while the dollar remained pegged at 3.75 SAR.