About MMC and Our IPO
About MMC and Our IPO
About MMC and Our IPO
About MMC and Our IPO
About MMC and Our IPO
About MMC and Our IPO
Modern Mills Company (“MMC” ) is pleased to announce its intention to offer 24,549,600 ordinary shares, representing 30% of its share capital, to the public through a 100% Initial Public Offering (IPO) of existing shares on the Main Market of the Saudi Exchange.
MMC is a leading milling and nutrition company and a key contributor to the food security ambitions of Saudi Arabia. MMC has an established market position across its three product categories; flour, animal feed and animal bran, with a track record of profitable growth. This IPO presents an opportunity to invest in a best-in-class, high-growth food business in the region with a robust financial profile.
Modern Mills Company (“MMC” ) is pleased to announce its intention to offer 24,549,600 ordinary shares, representing 30% of its share capital, to the public through a 100% Initial Public Offering (IPO) of existing shares on the Main Market of the Saudi Exchange.
MMC is a leading milling and nutrition company and a key contributor to the food security ambitions of Saudi Arabia. MMC has an established market position across its three product categories; flour, animal feed and animal bran, with a track record of profitable growth. This IPO presents an opportunity to invest in a best-in-class, high-growth food business in the region with a robust financial profile.
Modern Mills Company (“MMC” ) is pleased to announce its intention to offer 24,549,600 ordinary shares, representing 30% of its share capital, to the public through a 100% Initial Public Offering (IPO) of existing shares on the Main Market of the Saudi Exchange.
MMC is a leading milling and nutrition company and a key contributor to the food security ambitions of Saudi Arabia. MMC has an established market position across its three product categories; flour, animal feed and animal bran, with a track record of profitable growth. This IPO presents an opportunity to invest in a best-in-class, high-growth food business in the region with a robust financial profile.
Modern Mills Company (“MMC” ) is pleased to announce its intention to offer 24,549,600 ordinary shares, representing 30% of its share capital, to the public through a 100% Initial Public Offering (IPO) of existing shares on the Main Market of the Saudi Exchange.
MMC is a leading milling and nutrition company and a key contributor to the food security ambitions of Saudi Arabia. MMC has an established market position across its three product categories; flour, animal feed and animal bran, with a track record of profitable growth. This IPO presents an opportunity to invest in a best-in-class, high-growth food business in the region with a robust financial profile.
Modern Mills Company (“MMC” ) is pleased to announce its intention to offer 24,549,600 ordinary shares, representing 30% of its share capital, to the public through a 100% Initial Public Offering (IPO) of existing shares on the Main Market of the Saudi Exchange.
MMC is a leading milling and nutrition company and a key contributor to the food security ambitions of Saudi Arabia. MMC has an established market position across its three product categories; flour, animal feed and animal bran, with a track record of profitable growth. This IPO presents an opportunity to invest in a best-in-class, high-growth food business in the region with a robust financial profile.
Read more
Modern Mills Company (“MMC” ) is pleased to announce its intention to offer 24,549,600 ordinary shares, representing 30% of its share capital, to the public through a 100% Initial Public Offering (IPO) of existing shares on the Main Market of the Saudi Exchange.
MMC is a leading milling and nutrition company and a key contributor to the food security ambitions of Saudi Arabia. MMC has an established market position across its three product categories; flour, animal feed and animal bran, with a track record of profitable growth. This IPO presents an opportunity to invest in a best-in-class, high-growth food business in the region with a robust financial profile.
Message from Leadership
Message from Leadership
Message from Leadership
Message from Leadership
Message from Leadership
Message from Leadership
Message from the Chairman
Dr. Ibrahim Suliman Al Rajhi
"Today, we embark on a new chapter of MMC’s journey. Established in 2016, MMC draws on an inherited legacy of five-decades, contributing to KSA’s food security through resilient, growth-oriented operations and an unwavering commitment to excellence.
Our sector is backed by strong fundamentals and through our best-in-class operational model, and highly experienced management team, we are well poised to unlock and capture additional growth. This IPO is a reaffirmation of our commitment to Saudi Arabia’s vision of a self-sufficient, secure future in food production and testament to the success of the Kingdom’s Privatization Program for the sector. We are proud to be playing an active role in enhancing the efficiency and competitiveness of the sector and in turn providing the best quality of goods and services to consumers.
Today marks a unique opportunity for investors to be part of a company with a clear vision, defined growth pillars, robust governance, and a commitment to nurturing the Kingdom’s prosperity and food self-reliance for generations to come.”
Ibrahim Suliman Al Rajhi
Message from the Chairman
Dr. Ibrahim Suliman Al Rajhi
"Today, we embark on a new chapter of MMC’s journey. Established in 2016, MMC draws on an inherited legacy of five-decades, contributing to KSA’s food security through resilient, growth-oriented operations and an unwavering commitment to excellence.
Our sector is backed by strong fundamentals and through our best-in-class operational model, and highly experienced management team, we are well poised to unlock and capture additional growth. This IPO is a reaffirmation of our commitment to Saudi Arabia’s vision of a self-sufficient, secure future in food production and testament to the success of the Kingdom’s Privatization Program for the sector. We are proud to be playing an active role in enhancing the efficiency and competitiveness of the sector and in turn providing the best quality of goods and services to consumers.
Today marks a unique opportunity for investors to be part of a company with a clear vision, defined growth pillars, robust governance, and a commitment to nurturing the Kingdom’s prosperity and food self-reliance for generations to come.”
Ibrahim Suliman Al Rajhi
Message from the Chairman
Dr. Ibrahim Suliman Al Rajhi
"Today, we embark on a new chapter of MMC’s journey. Established in 2016, MMC draws on an inherited legacy of five-decades, contributing to KSA’s food security through resilient, growth-oriented operations and an unwavering commitment to excellence.
Our sector is backed by strong fundamentals and through our best-in-class operational model, and highly experienced management team, we are well poised to unlock and capture additional growth. This IPO is a reaffirmation of our commitment to Saudi Arabia’s vision of a self-sufficient, secure future in food production and testament to the success of the Kingdom’s Privatization Program for the sector. We are proud to be playing an active role in enhancing the efficiency and competitiveness of the sector and in turn providing the best quality of goods and services to consumers.
Today marks a unique opportunity for investors to be part of a company with a clear vision, defined growth pillars, robust governance, and a commitment to nurturing the Kingdom’s prosperity and food self-reliance for generations to come.”
Ibrahim Suliman Al Rajhi
Message from the Chairman
Dr. Ibrahim Suliman Al Rajhi
"Today, we embark on a new chapter of MMC’s journey. Established in 2016, MMC draws on an inherited legacy of five-decades, contributing to KSA’s food security through resilient, growth-oriented operations and an unwavering commitment to excellence.
Our sector is backed by strong fundamentals and through our best-in-class operational model, and highly experienced management team, we are well poised to unlock and capture additional growth. This IPO is a reaffirmation of our commitment to Saudi Arabia’s vision of a self-sufficient, secure future in food production and testament to the success of the Kingdom’s Privatization Program for the sector. We are proud to be playing an active role in enhancing the efficiency and competitiveness of the sector and in turn providing the best quality of goods and services to consumers.
Today marks a unique opportunity for investors to be part of a company with a clear vision, defined growth pillars, robust governance, and a commitment to nurturing the Kingdom’s prosperity and food self-reliance for generations to come.”
Read more
Ibrahim Suliman Al Rajhi
Message from the Chairman
Dr. Ibrahim Suliman Al Rajhi
Ibrahim Suliman AlRajhi
"Today, we embark on a new chapter of MMC’s journey. Established in 2016, MMC draws on an inherited legacy of five-decades, contributing to KSA’s food security through resilient, growth-oriented operations and an unwavering commitment to excellence.
Our sector is backed by strong…
Read more
Message from the CEO
Osama Ashi
“Since its restructuring in late 2020, MMC has been on a transformative journey focused on optimizing operations, protecting and strengthening our market share, generating top-line growth and implementing best-in-class governance. Today, I am proud to report that we have made tremendous progress across all fronts – by the end of 2022, MMC’s flour market share in volume grew to 24% - the highest market share gain in the industry, we recorded a c.50% revenue CAGR between 2020 and 2022, and as of the first half of 2023, have achieved a 92% capacity utilization. With the backing of our Board and shareholders, we have implemented SAP ERP and instituted policies and processes to support and sustain our operations and growth ambitions.”
Looking ahead, we remain focused on unlocking further growth through a clear strategy set on strengthening our market share across our three product categories, continued investment in people and technology, expanding our product portfolio, accessing new geographies, and profitably expanding into adjacent categories which offer downstream synergy opportunities, all the while charting a clear course towards greater sustainability. This IPO is an opportunity for us to further grow our shareholder base welcoming investors seeking a meaningful and rewarding investment proposition.”
Osama Ashi
Message from the CEO
Osama Ashi
“Since its restructuring in late 2020, MMC has been on a transformative journey focused on optimizing operations, protecting and strengthening our market share, generating top-line growth and implementing best-in-class governance. Today, I am proud to report that we have made tremendous progress across all fronts – by the end of 2022, MMC’s flour market share in volume grew to 24% - the highest market share gain in the industry, we recorded a c.50% revenue CAGR between 2020 and 2022, and as of the first half of 2023, have achieved a 92% capacity utilization. With the backing of our Board and shareholders, we have implemented SAP ERP and instituted policies and processes to support and sustain our operations and growth ambitions.”
Looking ahead, we remain focused on unlocking further growth through a clear strategy set on strengthening our market share across our three product categories, continued investment in people and technology, expanding our product portfolio, accessing new geographies, and profitably expanding into adjacent categories which offer downstream synergy opportunities, all the while charting a clear course towards greater sustainability. This IPO is an opportunity for us to further grow our shareholder base welcoming investors seeking a meaningful and rewarding investment proposition.”
Osama Ashi
Message from the CEO
Osama Ashi
“Since its restructuring in late 2020, MMC has been on a transformative journey focused on optimizing operations, protecting and strengthening our market share, generating top-line growth and implementing best-in-class governance. Today, I am proud to report that we have made tremendous progress across all fronts – by the end of 2022, MMC’s flour market share in volume grew to 24% - the highest market share gain in the industry, we recorded a c.50% revenue CAGR between 2020 and 2022, and as of the first half of 2023, have achieved a 92% capacity utilization. With the backing of our Board and shareholders, we have implemented SAP ERP and instituted policies and processes to support and sustain our operations and growth ambitions.”
Looking ahead, we remain focused on unlocking further growth through a clear strategy set on strengthening our market share across our three product categories, continued investment in people and technology, expanding our product portfolio, accessing new geographies, and profitably expanding into adjacent categories which offer downstream synergy opportunities, all the while charting a clear course towards greater sustainability. This IPO is an opportunity for us to further grow our shareholder base welcoming investors seeking a meaningful and rewarding investment proposition.”
Osama Ashi
Message from the CEO
Osama Ashi
“Since its restructuring in late 2020, MMC has been on a transformative journey focused on optimizing operations, protecting and strengthening our market share, generating top-line growth and implementing best-in-class governance. Today, I am proud to report that we have made tremendous progress across all fronts – by the end of 2022, MMC’s flour market share in volume grew to 24% - the highest market share gain in the industry, we recorded a c.50% revenue CAGR between 2020 and 2022, and as of the first half of 2023, have achieved a 92% capacity utilization. With the backing of our Board and shareholders, we have implemented SAP ERP and instituted policies and processes to support and sustain our operations and growth ambitions.”
Looking ahead, we remain focused on unlocking further growth through a clear strategy set on strengthening our market share across our three product categories, continued investment in people and technology, expanding our product portfolio, accessing new geographies, and profitably expanding into adjacent categories which offer downstream synergy opportunities, all the while charting a clear course towards greater sustainability. This IPO is an opportunity for us to further grow our shareholder base welcoming investors seeking a meaningful and rewarding investment proposition.”
Read more
Osama Ashi
Message from the CEO
Osama Ashi
Osama Ashi
“Since its restructuring in late 2020, MMC has been on a transformative journey focused on optimizing operations, protecting and strengthening our market share, generating top-line growth and implementing best-in-class governance. Today, I am proud to report that we have made tremendous progress across all …
Read more
Message from the Chairman
Dr. Ibrahim Suliman Al Rajhi
"Today, we embark on a new chapter of MMC’s journey. Established in 2016, MMC draws on an inherited legacy of five-decades, contributing to KSA’s food security through resilient, growth-oriented operations and an unwavering commitment to excellence.
Our sector is backed by strong fundamentals and through our best-in-class operational model, and highly experienced management team, we are well poised to unlock and capture additional growth. This IPO is a reaffirmation of our commitment to Saudi Arabia’s vision of a self-sufficient, secure future in food production and testament to the success of the Kingdom’s Privatization Program for the sector. We are proud to be playing an active role in enhancing the efficiency and competitiveness of the sector and in turn providing the best quality of goods and services to consumers.
Today marks a unique opportunity for investors to be part of a company with a clear vision, defined growth pillars, robust governance, and a commitment to nurturing the Kingdom’s prosperity and food self-reliance for generations to come.”
Ibrahim Suliman Al Rajhi
Message from the CEO
Osama Ashi
“Since its restructuring in late 2020, MMC has been on a transformative journey focused on optimizing operations, protecting and strengthening our market share, generating top-line growth and implementing best-in-class governance. Today, I am proud to report that we have made tremendous progress across all fronts – by the end of 2022, MMC’s flour market share in volume grew to 24% - the highest market share gain in the industry, we recorded a c.50% revenue CAGR between 2020 and 2022, and as of the first half of 2023, have achieved a 92% capacity utilization. With the backing of our Board and shareholders, we have implemented SAP ERP and instituted policies and processes to support and sustain our operations and growth ambitions.”
Looking ahead, we remain focused on unlocking further growth through a clear strategy set on strengthening our market share across our three product categories, continued investment in people and technology, expanding our product portfolio, accessing new geographies, and profitably expanding into adjacent categories which offer downstream synergy opportunities, all the while charting a clear course towards greater sustainability. This IPO is an opportunity for us to further grow our shareholder base welcoming investors seeking a meaningful and rewarding investment proposition.”
Osama Ashi
MMC in Numbers
MMC in Numbers
MMC in Numbers
MMC in Numbers
MMC in Numbers
MMC in Numbers
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
Financial KPIs
Operational KPIs (as of H1 ‘23)
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
Financial KPIs
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
Financial KPIs
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
Financial KPIs
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
Financial KPIs
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
Operational KPIs (as of H1 ‘23)
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
Operational KPIs (as of H1 ‘23)
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
185k
Silo Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
Operational KPIs (as of H1 ‘23)
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
185k
Silo Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
Operational KPIs (as of H1 ‘23)
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
185k
Silo Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
SAR 452m
Revenue (H1-‘23)
SAR 159m
EBITDA (H1-‘23)
SAR 105m
Net Income (H1 – ‘23)
50%
Revenue 2Y CAGR (2020-2022)
35%
EBITDA Margin (H1-‘23)
23%
Net Income Margin (H1 – ‘23)
2.3x
Net debt to EBITDA (H1 – ‘23)
Financial KPIs
Operational KPIs (as of H1 ‘23)
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
1.5m
Total Production Capacity (metric ton/ annum) @ 320 days
3,450
Daily Wheat Production Capacity (metric ton)
1,104,000
Wheat Milling Capacity (tons per annum)
1,400
Daily Feed Production Capacity (tons)
185k
Silo Capacity (metric ton)
368,000
Feed Milling (tons per annum)
520
Employees
42.3%
Saudization
92%
Capacity Utilization
Investment Highlights
Investment Highlights
Investment Highlights
Investment Highlights
Investment Highlights
Investment Highlights
1.
Non-cyclical market growing at c.4% CAGR
2.
Fastest growing market position and innovative product portfolio
3.
Sizable and growing production capacity
4.
Well-diversified operations at all levels
5.
Robust financial performance
6.
Highly experienced management team
7.
Clear growth strategy
1.
Non-cyclical market growing at c.4% CAGR
2.
Fastest growing market position and innovative product portfolio
3.
Sizable and growing production capacity
4.
Well-diversified operations at all levels
5.
Robust financial performance
6.
Highly experienced management team
7.
Clear growth strategy
1.
Non-cyclical market growing at c.4% CAGR
2.
Fastest growing market position and innovative product portfolio
3.
Sizable and growing production capacity
4.
Well-diversified operations at all levels
5.
Robust financial performance
6.
Highly experienced management team
7.
Clear growth strategy
1.
Non-cyclical market growing at c.4% CAGR
2.
Fastest growing market position and innovative product portfolio
3.
Sizable and growing production capacity
4.
Well-diversified operations at all levels
5.
Robust financial performance
6.
Highly experienced management team
7.
Clear growth strategy
1.
Non-cyclical market growing at c.4% CAGR
1.
Non-cyclical market growing at c.4% CAGR
1.
Non-cyclical market growing at c.4% CAGR
1.
Non-cyclical market growing at c.4% CAGR
2.
Fastest growing market position and innovative product portfolio
2.
Fastest growing market position and innovative product portfolio
2.
Fastest growing market position and innovative product portfolio
2.
Fastest growing market position and innovative product portfolio
3.
Sizable and growing production capacity
3.
Sizable and growing production capacity
3.
Sizable and growing production capacity
3.
Sizable and growing production capacity
4.
Well-diversified operations at all levels
4.
Well-diversified operations at all levels
4.
Well-diversified operations at all levels
4.
Well-diversified operations at all levels
5.
Robust financial performance
5.
Robust financial performance
5.
Robust financial performance
5.
Robust financial performance
6.
Highly experienced management team
6.
Highly experienced management team
6.
Highly experienced management team
6.
Highly experienced management team
7.
Clear growth strategy
7.
Clear growth strategy
7.
Clear growth strategy
7.
Clear growth strategy
IPO Timeline
IPO Timeline
IPO Timeline
IPO Timeline
IPO Timeline
Intention to Float
15 February 2024
Final Price Announcement
5 March 2024
Retail Subscription Ends
11 March 2024
First Day of Trading
7 February 2024
Price Range Announcement and Start of Institutional Bookbuilding
28 February 2024
Retail Subscription Starts
6 March 2024
Final Allocation
27 March 2024
Intention to Float
15 February 2024
Final Price Announcement
5 March 2024
Retail Subscription Ends
11 March 2024
First Day of Trading
7 February 2024
Price Range Announcement and Start of Institutional Bookbuilding
28 February 2024
Retail Subscription Starts
6 March 2024
Final Allocation
27 March 2024
Intention to Float
15 February 2024
Final Price Announcement
5 March 2024
Retail Subscription Ends
11 March 2024
First Day of Trading
7 February 2024
Price Range Announcement and Start of Institutional Bookbuilding
28 February 2024
Retail Subscription Starts
6 March 2024
Final Allocation
27 March 2024
Intention to Float
15 February 2024
Final Price Announcement
5 March 2024
Retail Subscription Ends
11 March 2024
First Day of Trading
7 February 2024
Price Range Announcement and Start of Institutional Bookbuilding
28 February 2024
Retail Subscription Starts
6 March 2024
Final Allocation
27 March 2024
IPO Timeline
7 February 2024
Intention to Float
15 February 2024
Price Range Announcement and Start of Institutional BookBuilding
28 February 2024
Final Price Announcement
5 March 2024
Retail Subscription Starts
6 March 2024
Retail Subscription Ends
11 March 2024
Final Allocation
27 March 2024
First day of Trading
IPO Timeline
7 February 2024
Intention to Float
15 February 2024
Price Range Announcement and Start of Institutional BookBuilding
28 February 2024
Final Price Announcement
5 March 2024
Retail Subscription Starts
6 March 2024
Retail Subscription Ends
11 March 2024
Final Allocation
27 March 2024
First day of Trading
Key Documents
Key Documents
Key Documents
Key Documents
Key Documents
Key Documents
Investors
Investors
Investors
Investors
Investors
Investors
EnInternational Wrapper
Intention to Float
En
Prospectus
En
International Wrapper
Price Range Announcement
En
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
International Wrapper
Price Range Announcement
En
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
International Wrapper
Price Range Announcement
En
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
International Wrapper
Price Range Announcement
En
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
Price Range Announcement
En
International Wrapper
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
Price Range Announcement
En
International Wrapper
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
Price Range Announcement
En
International Wrapper
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
Price Range Announcement
En
International Wrapper
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
Price Range Announcement
En
International Wrapper
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
Price Range Announcement
En
International Wrapper
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
Price Range Announcement
En
International Wrapper
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Intention to Float
En
Prospectus
En
Price Range Announcement
En
International Wrapper
Final Price Announcement
En
Final Allocation Announcement
En
Listing Day Press Release
En
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
Step 1
Ensure you have an active current account with one of the receiving banks.
Ensure no changes to your personal information or data (the removal or addition of a family member) since your last participation in a recent offering.
Step 2
Learn more about MMC and the IPO by thoroughly reviewing this dedicated webpage and by reading the related documents provided here.
Step 3
Make an informed investment decision after reviewing the key documents provided here and discussing the details with your financial advisor.
Step 4
Subscribe to the offering, at the announced offering price, by applying online via the receiving banks website or via their digital application.
Step 5
Once the shares have been allocated, you may or may not receive the full allocation of your order. Any excess funds will be refunded to you.
Step 6
MMC list on the Saudi Exchange and you may freely trade your allocated shares.
How to Subscribe
How to Subscribe
How to Subscribe
How to Subscribe
How to Subscribe
How to Subscribe
Frequently Asked Questions
Frequently Asked Questions
Frequently Asked Questions
Frequently Asked Questions
Frequently Asked Questions
Frequently Asked Questions
1.
Where is MMC planning to list?
1.
Where is MMC planning to list?
2.
What is the total number of shares being offered?
2.
What is the total number of shares being offered?
3.
What is the transaction structure?
3.
What is the transaction structure?
4.
Who is eligible to subscribe to the offering?
4.
Who is eligible to subscribe to the offering?
5.
What is the final offer price for the IPO?
5.
What is the final offer price for the IPO?
6.
What is the minimum and maximum amount I can invest?
6.
What is the minimum and maximum amount I can invest?
7.
When will the final allocation be announced?
7.
When will the final allocation be announced?
8.
Who do I contact if I have not received my allocation of shares since the company listed?
8.
Who do I contact if I have not received my allocation of shares since the company listed?
9.
Will there be any restrictions for selling my shares following the listing?
9.
Will there be any restrictions for selling my shares following the listing?
10.
When will be the first day of trading?
10.
When will be the first day of trading?
11.
Who should I contact with any additional questions?
11.
Who should I contact with any additional questions?
12.
Where can I find information about the Company and the offering?
12.
Where can I find information about the Company and the offering?
13.
How was the price range of the offering determined?
13.
How was the price range of the offering determined?
14.
What is the company's valuation?
14.
What is the company's valuation?
15.
Does MMC have a higher valuation than sector peers? If so, why?
15.
Does MMC have a higher valuation than sector peers? If so, why?
16.
Why has the nominal value of the share decreased from SAR 10 to SAR 1? How is my potential ownership in MMC impacted?
16.
Why has the nominal value of the share decreased from SAR 10 to SAR 1? How is my potential ownership in MMC impacted?
17.
Does MMC carry any debt in its balance sheet?
17.
Does MMC carry any debt in its balance sheet?
1.
Where is MMC planning to list?
2.
What is the total number of shares being offered?
3.
What is the transaction structure?
4.
Who is eligible to subscribe to the offering?
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Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Joint Bookrunners and Underwriters
Advisor to The Selling Shareholders
Communications Advisor
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Joint Bookrunners and Underwriters
Advisor to The Selling Shareholders
Communications Advisor
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Joint Bookrunners and Underwriters
Advisor to The Selling Shareholders
Communications Advisor
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Joint Bookrunners and Underwriters
Advisor to The Selling Shareholders
Communications Advisor
Advisors
Receiving Banks
Details
Details
Details
Details
Details
Details
Details
Details
Receiving Banks
Receiving Banks
Receiving Banks
Receiving Banks
Receiving Banks
Details
Details
Details
Details
Details
Details
Details
Details
Advisors
Advisors
Advisors
Advisors
Advisors
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Sole Financial Advisor, Lead Manager, Bookrunner and Underwriter
Joint Bookrunners and Underwriters
Joint Bookrunners and Underwriters
Joint Bookrunners and Underwriters
Joint Bookrunners and Underwriters
Joint Bookrunners and Underwriters
Joint Bookrunners and Underwriters
Advisor To The Selling Shareholders
Advisor To The Selling Shareholders
Advisor To The Selling Shareholders
Advisor To The Selling Shareholders
Advisor To The Selling Shareholders
Advisor To The Selling Shareholders
Communications Advisor
Communications Advisor
Communications Advisor
Communications Advisor
Communications Advisor
Communications Advisor
Contacts
Contacts
Contacts
Contacts
Contacts
Contacts
For IPO Related Inquiries
For IPO Related Inquiries
For IPO Related Inquiries
For IPO Related Inquiries
For IPO Related Inquiries
For Media Relations Inquiries
For Media Relations Inquiries
For Media Relations Inquiries
For Media Relations Inquiries
For Media Relations Inquiries
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© Modern Mills Company. All Rights Reserved.
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© Modern Mills Company. All Rights Reserved.
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© Modern Mills Company. All Rights Reserved.
Website Made by
© Modern Mills Company. All Rights Reserved.
Website Made by
© Modern Mills Company. All Rights Reserved.
Website Made by