About Modern Mills

MMC is a leading milling and nutrition company and a key contributor to the food security ambitions of Saudi Arabia. MMC has an established market position across its three product categories; flour, animal feed and animal bran, with a sustained track record of success, profitability and cash generation for shareholders.

MMC listed on the main market of the Saudi Exchange on the 27 of March 2024. The company witnessed strong demand from both institutional and retail investors raising $ 49B (SAR 150B) with robust subscription coverage of approximately 127x times and 21.9x times, respectively. The company trades under ticker symbol 2284.

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Financial Performance Highlights (as of Q2 2024)

SAR
480.79
mn
Revenue
(as of Q2 2024)
SAR
162.08
mn
EBITDA
(as of Q2 2024)
SAR
109.49
mn
Net Income
(as of Q2 2024)
null
1.29
x
Net Debt to EBITDA
(as of Q2 2024)

Operational Performance Highlights (as of 2023)

Total Production Capacity
(metric ton/ annum)
@ 320 days

1,500
k

Daily Wheat
Production Capacity
(metric ton)

3,450

Wheat Milling
Capacity
(tons per annum)

1,104
k

Daily Feed
Production Capacity
(tons)

1.4
k

Silo Capacity
(metric ton)

185
k

Feed Milling
(tons per annum)

368
k

Capacity
Utilization

92
%
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Contact Us

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Al khalidiyah District, Muhammed Atatib at Tunsi, Jeddah 23421, Saudi Arabia

Phone Icon +966 122 728 989