Modern Mills for Food Products Company — Cyborg Score 7/10
Strong
Milling & Food Production (Flour, Animal Feed, Animal Bran)
Strategic Profile
Modern Mills is the leader in the animal feed market among four milling companies from a production capacity and market share perspective, with a capacity of 1,400 metric tons per day. Through facilities in Al-Jumum, Khamis Mushait, and Al-Jawf, the company is strategically positioned to capture demand across the Western, Southern and Northern regions of Saudi Arabia.
Cyborg Score Rationale
Modern Mills has established market position across three product categories with a sustained track record of profitability and cash generation. The company has recorded the highest increase in flour market share among milling companies since 2022 and leads the animal feed market. Recent capacity expansion and strategic positioning support growth trajectory.
Top Insights
Upon completion of capacity expansion in Q1 2025, Modern Mills will have the largest milling line in Saudi Arabia with 1,250 MT daily production capacity
Company shows highest flour market share growth among milling peers since 2022 and is pursuing growth through market share expansion, technology investment, and product diversification
Al-Jumum facility positioned between Saudi Arabia's two religious destinations captures growing demand from Hajj and Umrah pilgrimage tourism
Company led by experienced management with 200+ years cumulative FMCG experience and exceeds Platinum Tier Saudization requirements
Named Competitors
Arabian Mills — Publicly listed milling competitor in Saudi Arabia
Fourth Milling — Saudi-based milling industry participant
Regional Feed Producers — Broader animal feed market participants in GCC region
Recent Developments
(December 2024) Announced construction of new animal feed plant expansion
(October 2024) Early partial settlement of Murabaha facilities with Saudi National Bank
(March 2024) Successfully completed IPO raising $49B (SAR 150B) with 127x institutional and 21.9x retail subscription coverage
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