- MMC is a leading milling and nutrition company and a key player in KSA’s human and animal food security ecosystem with an established market position and sustained track record of success, profitability and cash generation for shareholders.
- MMC’s product portfolio includes three (3) categories; flour, animal feed and animal bran supplied to a diverse portfolio of customers. The company supplies flour to bakeries, food industries, food services and retail, while animal feed and animal bran are supplied to a range of customers in the animal rearing sector.
- MMC has recorded the highest gain in market share in the flour market among other milling companies – capturing, in 2022G, 24% in volume, up from 20% in 2021G, and 22% in value terms - up from 18% in 2021G.
- With a capacity of 1,400 metric tons per day, MMC is the leader in the animal feed market among the four milling companies - from a production capacity and market share perspective, and is the 4th among other market players; in terms of market value share of total compound animal feed.
- Through its facilities in Al-Jumum, Khamis Mushait, and Al-Jawf, MMC is strategically positioned to capture internal demand across the Western, Southern and Northern regions of Saudi Arabia, and would benefit from a competitive cost advantage when exporting to nearby markets.
- In Al-Jumum, which sits between the two religious destinations in Saudi Arabia, MMC captures the growing demand from Hajj and Umrah through a state-of-the-art facility that is the newest across all mills in KSA. In Q1 2025G, upon the completion of the ongoing capacity expansion project in Al-Jumum, MMC will have the largest milling line in KSA with a daily production capacity of 1,250 MT.
- MMC is profitable and has a robust financial profile. In 2022G, the company generated a revenue of SAR 978 million and an EBITDA margin of 33%. The company sustained revenue in 2023G generating SAR 452 million in the first half of the year – almost on par with H1 2022G performance.
- MMC has a lean balance sheet with no goodwill and a healthy current leverage level with a 2.3x net debt to EBITDA ratio and benefits from a highly cash generative business model, ensuring availability of minimal working capital requirement for future cash flows, and in turn consistency and growth in dividends.
- MMC is committed to promoting sustainable practices in the food industry. It is currently the first within the milling sector to partner with the General Food Security Authority to raise awareness around food loss and waste through the National Program for Reducing Food Loss & Waste (Le Tadwoom)
- MMC is led by an experienced management team with over 200 years of cumulative FMCG experience backed by an experienced Board of Directors and strategic shareholders with extensive experience in the milling industry. The company has superseded the Platinum Tier for Saudization set by the Ministry of Labor and Social Development.