Market Leadership
The Company holds a leading position in the local market in the production of flour and animal feed products, both in terms of production volumes and sales.
Agility and Certainty
The Company operates in large and growing markets for flour, feed, and animal barn in the Kingdom, supported by favorable local demand dynamics and Saudi Vision 2030 objectives.
Product Diversification
The Company maintains a diversified product portfolio across all levels of its business activities.
Geographical Footprint
The Company operates a head office and three production facilities serving multiple provinces across the Kingdom.
Operational Excellence
The Company demonstrates strong operational performance, supported by robust infrastructure and expanded production capacities.
Experience and Competence
The Company is led by a management team with extensive experience and strong professional expertise, supported by a well-established corporate governance framework.
High Quality
All of the Company’s production facilities have obtained ISO45001 and ISO14001 certifications.
Development and Innovation
The Company has established an innovation center specializing in Research and Development (R&D) at Al-Jumum Facility, equipped with advanced technologies to simulate baking processes and develop industrial solutions and a diversified range of flour products that meet customer requirements.
Robust Financial Performance
The Company demonstrates a robust financial performance and clear growth drivers, supported by increased cash generation.
Risk Management
The Company adopts a structured and integrated approach to risk identification, ensuring full alignment with its strategic objectives and applicable regulatory requirements.
Investment
The Company plans to continue investing to increase production capacities, reduce costs, and enhance operational efficiency.
Modern Mills Company (MMC) has a robust corporate governance framework in place, supported by experienced shareholders, best-in-class policies and regulations, and independent committees.
The company’s shareholder base includes Mada Holding, Al Ghurair Foods, and Masafi each owning 34.5%, 31.05%, and 3.45%, respectively, post-IPO. Following the IPO, the company has a 30% free-float.
MMC’s board consists of seven (7) non-executive members including the Chairman, of which three (3) are independent.
MMC’s board is supported by two (2) independent committees – a Nomination and Remuneration Committee and an Audit Committee, each with four (4) members.
Modern Mills Company (MMC) has a robust corporate governance framework in place, supported by experienced shareholders, best-in-class policies and regulations, and independent committees.
The company’s shareholder base includes Mada Holding, Al Ghurair Foods, and Masafi each owning 34.5%, 31.05%, and 3.45%, respectively, post-IPO. Following the IPO, the company has a 30% free-float. MMC’s board consists of seven (7) non-executive members including the Chairman, of which three (3) are independent.
MMC’s board is supported by two (2) independent committees – a Nomination and Remuneration Committee and an Audit Committee, each with four (4) members.
The company ensures adherence to best-in-class governance through the following:
Board of Directors
Current Positions and Memberships
• 2021-Present: Chairman, Modern Mills for Food Products Company (Modern Mills).
• 2025-Present: Member, Al-Qassim Investment Advisory Board, an Advisory Body Focused on Enhancing Investment, Economy, and Opportunity Creation in Al-Qassim.
• 2024-Present: Member, Board of Directors, Transport General Authority (TGA), the Regulatory and Legislative Body for the Land, Maritime, and Railway Transport Sectors in the Kingdom.
• 2024-Present: Member, Executive Committee, Transport General Authority (TGA).
• 2024-Present: Member, Board of Directors, Al Rajhi Holding Group, a Closed Joint Stock Company (CJSC) with Diverse Investments across Various Sectors.
• 2024-Present: Chairman, City Cool Cooling Company, a Limited Liability Company (LLC), Operating in Air Conditioning Services and Solutions.
• 2024-Present: Member, Board of Directors, King Fahd Causeway Authority (KFCA).
• 2024-Present: Chairman, Executive Committee, Sheikh Sulaiman bin Abdulaziz Al Rajhi Endowments (Waqf Sulaiman Al Rajhi).
• 2024-Present: Chairman, Aqna Holding Company, a Closed Joint Stock Company (CSJC), Focused on Asset Investment.
• 2023-Present: Chairman, Board of Trustees, Sheikh Sulaiman bin Abdulaziz Al Rajhi Endowments (Waqf Sulaiman Al Rajhi), the Highest Legislative Authority Overseeing the Governance and Regulation of the Endowments and their Entities
• 2023-Present: Member, Board of Directors, the National Center for Family Business (NCFB), a Non-profit Advisory Organization.
• 2022-Present: Member, Board of Directors, ACWA Power, a Listed Joint Stock Company (LJSC), Operating in the Water and Power sector.
• 2018-Present: Vice Chairman, Hessah bint Ibrahim Al Qubaisi Academic Excellence Program, a Non-profit Program, Operating in Academic Excellence Support.
• 2018-Present: Member, Board of Directors, the Family Business Council Gulf (FBCG), Dubai, a Non-profit Advisory Organization.
• 2017-Present: Member, Advisory Board, Collage of Business (CoB), Alfaisal University, an Educational Institution.
• 2016-Present: Member, Board of Trustees, Al-Rajhi Humanitarian, a Non-profit Foundation, Focused on Charitable and Humanitarian Work.
• 2015-Present: Chairman, Tibah Airports Development Company, a Closed Joint Stock Company (CJSC), Operating in Airport Operation and Development.
• 2015-Present: Member of the Board of Trustees, Endowments of Hessah bint Ibrahim Al Qubaisi, a Non-profit Endowment Institution.
• 2012-Present: Chairman, Tibah Airports Operation Company, a Limited Liability Company (LLC), Operating in airport operation and development.
Previous Positions and Memberships
• 2016-2020: Chairman, Board of Directors, Arabian Cement Company (ACC).
• 1999-2016: Member, Board of Directors, Arabian Cement Company (ACC).
• 2009-2021: Member, Board of Directors, Al Rajhi Holding Group.
• 2012-2018: Member, Board of Managers, Sulaiman Al Rajhi Real Estate Company (ARI).
• 2011-2017: Member, Board of Directors, Al-Watania Poultry.
• 2012-2017: Member, Board of Managers, Sulaiman Al Rajhi Real Estate Company (ARI).
• 2011-2018: Member, Executive Committee, Sulaiman Abdulaziz Al Rajhi Endowments Holding Company.
• 2014-2017: Member, Board of Directors, Al Ajial Holding.
• 2012-2017: Member, Board of Directors, Al Arrab Contracting Company.
• 2012-2016: Chairman, Mada International Holding.
• 2008-2017: Chairman, General Enterprises and Trading Company (GETCO).
• 2018-2020: Member, Board of Directors, International Company for Water and Power Projects (ACWA Power), Riyadh.
Qualifications
• 2008: Ph.D., Human Resources, London Metropolitan University, London.
• 1996: Master’s Degree, Management Science, Hult International Business School (formerly Arthur D. Little School of Management), USA.
• 1994: Bachelor’s Degree, Systems Engineering (Industrial Engineering), King Fahd University of Petroleum and Minerals (KFUPM), Dhahran.
Current Positions and Memberships
• 2021-Present: Vice Chairman, Member, Nominations and Remuneration Committee (NRC), Modern Mills for Food Products Company (Modern Mills).
• 2020-Present: CEO, Al Ghurair Investment Group, a Limited Liability Company (LLC), Operating in the Investment Sector.
• 2021-Present: Non-Executive Member, Board of Directors, Mashreq Bank PJSC, a Listed Joint Stock Company (LJSC), Operating in the Banking Services Sector.
Previous Positions and Memberships
• 2017-2020: CEO, Noor Bank PJSC, an Unlisted Public Company Licensed by the Central Bank of the UAE, Operating in the Banking Services Sector.
• 2015-2017: Executive Vice President, Group Head, Corporate and Investment Banking.
• 2009-2015: Executive Vice President, Group Head, International Banking and Financial Institutions, Mashreq Bank PJSC.
• 2003-2009: Managing Director, Regional Head, Origination and Client Coverage MENAP, Standard Chartered Bank PLC, a Listed Joint Stock Company (LJSC) Operating in the Banking Services Sector.
• 2021-2024: Senior Independent Member, Board of Directors, Hellenic Bank Public Company Limited, a Listed Bank Regulated by the European Central Bank, Operating in the Banking Services Sector.
• 2018-2020: Non-Executive Vice Chairman, Digital Financial Services LLC, a Limited Liability Company (LLC), Operating in the E-wallets and Digital Payments Sector.
• 2017-2020: Non-Executive Board Member, Noor Takaful, a Listed Joint Stock Company (LJSC), Operating in the Provision of Sharia-compliant General, Personal Life, and Medical Insurance Products.
• 2013-2017: Non-Executive Board Member, Mashreq Capital (DIFC) Ltd., a Limited Liability Company (LLC), Operating in the Asset Management Sector.
• 2009-2017: Non-Executive Board Member, Makaseb Investment Funds Company (BSC), a Limited Liability Company (LLC) Operating in Asset Management Services.
Qualifications
• 2022: Diploma, Corporate Governance, Corporate Governance Institute, Ireland.
• 1992: Master’s Degree, Business Administration, Monash University, Australia.
• 1984: Bachelor’s Degree, Accounting, Monash University, Australia.
Current Positions and Memberships
• 2021-Present: Member, Board of Directors, Modern Mills for Food Products Company (Modern Mills).
• 2012-Present: Member, U.S. Wheat Associates, an Export Market Development Organization for the U.S. Wheat Industry.
• 2012-Present: Member, Canadian Wheat Board (CWB), a Marketing Board in Canada, Operating in the Wheat and Barley Sector.
• 2012-Present: Member, Global Grain Association(GGA), a Global Association, Operating in the Grain Sector.
• 2012-Present: Member, Grain and Feed Trade Association (GAFTA), a Trade Association, Operating in the Grain and Feed Sector.
• 2012-Present: Member, U.S. Soybean Export Council (USSEC), a United Soybean Board Entity, Operating in the Soybean Export Sector.
Previous Positions and Memberships
• 2009-2019: Executive Director, Al Ghurair Resources International Company, a Limited Liability Company (LLC), Operating in the Food and Grain Supply Chain Sector (Flour, Corn, Wheat, Barley, and Oilseeds).
• 2004-2009: Vice President, Al Ghurair Resources International Company, a Limited Liability Company (LLC), Operating in the Food and Grain Supply Chain Sector (Flour, Corn, Wheat, Barley, and Oilseeds).
• 1990-2004: Marketing Manager, Gulf Import & Export Company, a Limited Liability Company (LLC),Operating in the Grain Trading Sector.
• 1983-1988: Head of Treasury and Investment Department, Mashreq Bank for Foreign Exchange Trading and Capital Markets, a Listed Joint Stock Company (LJSC), Operating in the Banking Services Sector.
Qualifications
• 1983: Master’s Degree, Business Administration, San Diego State University (SDSU), USA
• 1979: Bachelor’s Degree, Economics, University of Algiers, Algeria.
Current Positions and Memberships
• 2022-Present: Member, Board of Directors, Nominations and Remuneration Committee (NRC), Modern Mills for Food Products Company (Modern Mills).
• 2022-Present: CEO, Mada International Holding, a Limited Liability Company (LLC), Operating in the Infrastructure Sector Investments.
• 2022-Present: Member, Board of Directors, Tibah Airports Development Company, a Closed Joint Stock Company (CJSC), Operating in Airport Operation and Development.
• 2022-Present: Board Member, City Cool Cooling Company, a Limited Liability Company (LLC), Operating in Air Conditioning Services and Solutions.
• 2023-Present: Chairman, Board of Directors, Madinah Airport Hotel Company, a Closed Joint Stock Company (CJSC), Operating in the Hospitality Sector.
• 2024-Present: Member, Board of Directors, One Investments, a Closed Joint Stock Company (CJSC), Operating in the Marketing and Communication Solutions Sector.
Previous Positions and Memberships
• 2019-2022: Head, Structured Finance, Saudi National Bank (SNB) (Formerly Known as the National Commercial Bank), a Listed Joint Stock Company (LJSC), Operating in the Banking Services Sector.
Qualifications
• 2011: Bachelor’s Degree, Finance, King Fahd University of Petroleum and Minerals (KFUPM), Dhahran.
Current Positions and Memberships
• 2024-Present: Member, Board of Directors, Audit Committee, Modern Mills for Food Products Company Modern Mills).
• 2024-Present: Independent Board Member, Member, Nominations and Remuneration Committee (NRC), Al-Muftah Rent a Car, a Closed Joint Stock Company (CJSC).
• 2024-Present: Member, Board of Directors, Chairman, Transformation Committee, Mohammed Sweilem Al-Shareef Sons Company, a Closed Joint Stock Company (CJSC).
• 2025-Present: Independent Board Member, Chairman, Audit Committee, FAD International, a Saudi Company Listed on the Parallel Market (Nomu).
Previous Positions and Memberships
• 2008-2011: Chief Investment Officer, Savola Group.
• 2011-2017: Head, Corporate Finance, KPMG, Saudi Arabia.
• 2017-2023: CEO, KPMG, Lebanon.
• 2020-2023: COO, KPMG, Saudi Arabia and Levant.
• 2018-2021: Member, Board of Directors, KPMG, Saudi Arabia and Levant.
Qualifications
• 1996: Master’s Degree, Accounting and Finance, Lancaster University.
Current Positions and Memberships
• 2025-Present: Member, Board of Directors, Modern Mills for Food Products Company (Modern Mills).
• 2021-Present: Secretary General, Industrial Council.
Previous Positions and Memberships
• To 2020: CEO, Feed Division, Arabian Agricultural Services Company (ARASCO).
• To 2016: Vice President, Sales and Marketing, Arabian Agricultural Services Company (ARASCO).
Qualifications
• 2011: Master’s Degree, Business Administration, Johns Hopkins University (JHU), USA.
• 2009: Master’s Degree, Agricultural Economics, King Saud University (KSU), KSA.
• 2003: Bachelor’s Degree, Agricultural Economics, King Saud University (KSU), KSA.
