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Production, packaging and sale of flour products and its derivatives, animal feed and bran.
Overview
The company commenced its operations in 1972 as a group of wheat mills under the General Food Security Authority (GFSA). GFSA established production facilities in Khamis Mushait, Al-Jouf and Al Jumjum in 1982, 2008 and 2015 respectively. In 2009, GFSA launched the privatization program, through which the company’s branches in Al-Jumum, Khamis Mushait and Al-Jouf were assembled. In 2016, the firm was established as a closed joint-stock company in Khamis Mushait under the name “Third Milling Company”, with capital of SAR 500,000. In the subsequent year, the firm started its operations as a separate entity. In 2021, Mada Al Ghurair Limited Company, which was established in 2020 with capital of SAR 100,000, was merged into the company. A year later, the company’s headquarters was moved from Khamis Mushait to Jeddah and its name was changed to Modern Mills Company. During the same year, the company established Hasad Al-Arabia for Trade as its distribution subsidiary.
The company carries out its business through eleven brands, including its retail brands, Qoot & Root, Modern Mills and Qamhati. The firm’s revenues are primarily generated from three main regions, namely Asir, Makkah, and Al-Jouf. The company's activities include the production, packaging and sale of flour products and its derivatives, animal feed, and bran. The firm operates three wheat mills across the Kingdom: Al-Jumum mill located at the Western region, Khamis Mushait mill located at the Southern region, and Al-Jouf mill located at the Northern region.
Basic Information
City: | Jeddah |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2016 |
Commercial Register: | 4030449122 |
Website: | www.modernmills.com |
info@modernmills.com | |
Phone | +966 12 272 8989 |
Fax | - |
Address | 2780 Muhammad Al-Tayeb Al-Tunisi Street - Al-Khalidiya - 6228 Jeddah 21499 |
PO Box | 40037 |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 24.55 |
Free Float % : | 30.00 |
Weight in Index % : | 0.05 |
3M Average Volume : | 2,447,437 |
3M Average Transactions : | 12,807 |
Change(12M) % : | - |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Mada International Holding Company | 28.23 | 34.50 % |
Al Ghurair Foods Company | 25.41 | 31.05 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
Hasad Al-Arabia for Trade | Saudi Arabia | 100.00 % |