“Modern Mills” signs a contract to purchase soybean meal worth 16.9 million riyals
Company announced "Modern mills for food products"Today, Thursday, an agreement was signed to purchase soybean meal from a company "Al Ghurair Advanced Commercial"with a value of 16.89 million riyals.
The company explained in a statement on "Saudi Arabia trading"The duration of the contract is 3 months, and it is expected to have a positive impact on its financial statements during the year 2026.
The company added that John Gregori Iosifidis, Vice Chairman of the Board of Directors of the Modern Mills Food Products Company, is a related party, in his capacity as CEO of Al Ghurair Investment Group, which owns 100% of the capital of Al Ghurair International Resources Company, which in turn owns 100% of the capital of Al Ghurair Advanced Trading Company.
She confirmed "Modern mills" The contract falls within the normal course of business, and does not grant any preferential benefits.
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