MC4 gets green light for capacity boost

Logo of Fourth Milling Co. (MC4)

Fourth Milling Co. (MC4) obtained today, Dec. 1, the General Food Security Authority’s (GFSA) approval to raise its flour production capacity by 11.67% from 945,000 metric tons to 1.05 million metric tons.

For more news on listed companies

In a statement on Tadawul, the company said the capacity boost will enable it to produce more end products, including flour, bran, animal feed, and others, which is expected to positively impact its financial performance in upcoming periods.

Data compiled by Argaam revealed that the GFSA's board of directors recently approved the export of locally produced flour to global markets by licensed milling companies.

Last Thursday, Arabian Mills for Food Products Co. announced that GFSA approved increasing its production capacity.