Establishing an animal feed factory for 150 million riyals

The Board of Directors of the Modern Mills Company, at its meeting yesterday, approved a project to establish a factory in the Western Region.
The company said in a statement: The project is located at the company’s site in Jamoum Governorate.

Modern mills

The Modern Mills Company added that the project’s production capacity is 422 thousand metric tons/year.
It is expected that the project will begin in the fourth quarter of 2026, after obtaining regulatory approvals.
According to the Modern Mills Company, the expected cost of the project is estimated at approximately 150 million riyals.

Establishing a feed factory

She noted that the project was financed through banking facilities compatible with Islamic Sharia, the cash liquidity available to the company and other financing programs.
Modern Mills expects to complete construction work for the project in the fourth quarter of 2026.
She stated that the project is expected to have an impact on the company’s financial results for the year 2026.

Financial impact

The project’s financial impact is expected to be reflected in the company’s financial results in the fourth quarter of 2026.
She pointed out that the project’s trial production is expected to begin in the fourth quarter of 2026.
According to the Modern Mills Company, the trial production period of the project will last for approximately one month.
Commercial production of the project is expected to begin at the end of the fourth quarter of 2026.
Modern Mills explained that, so far, no contract has been concluded with a contractor to implement the project.
She noted that any other material developments related to the project will be announced in a timely manner.