Modern Mills for Food Products Co.
TTADAWUL:228425.00
SAR
-0.30
(-1.19%)
Modern Mills for Food Products Co.
TADAWUL:2284
(Saudi Exchange)
Recent
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25.00
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div
yld
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ROIC.AI
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- Business
- Modern Mills for Food Products Co. (2284.SR) manufactures and sells flour, animal feed, and bran products in the Kingdom of Saudi Arabia. The company produces a diverse range of flour products including patent flour, fumed bakery flour, whole wheat flour, filled flour, and superfine flour; animal feeds for livestock and poultry under the Premier brand; and wheat and bran under the QAMHATI, Modern Mills, QOOT & ROOT, and Premier brands, supplied to bakeries, food industries, food services, retail, and animal rearing sectors. It operates production facilities in Al-Jumum, Khamis Mushait, and Al-Jawf, with a total flour milling capacity of approximately 1,400 metric tons per day and leading market share in flour volume and animal feed production among major players; founded in 1982, Modern Mills for Food Products Co. is headquartered in Jeddah, Saudi Arabia, and maintains a subsidiary named Hasad Al-Arabia along with three branches within the Kingdom. In recent developments, the company listed on the Saudi Exchange (Tadawul) main market via an initial public offering on March 27, 2024, raising SAR 1.178 billion; commenced operations at a new flour mill expansion in Al-Jumum following final approval from the General Food Security Authority in September 2025, boosting its largest milling line to 1,250 metric tons per day at an estimated cost of SAR 240 million; and approved a SAR 150 million investment in December 2024 for a new animal feed facility in Al-Jumum with 422,000 metric tons annual capacity for poultry and livestock, slated for commercial production in Q4 2026. These expansions align with Saudi Arabia's Vision 2030 food security goals and support growing domestic demand amid rising meat and dairy consumption.