Modern Mills ramps up food push with new 42k-ton plant

Modern Mills is set to add 42k tons to its annual production capacity through a new food ingredients plant in western Saudi Arabia, backed by a SAR 87.7 mn investment, according to a Tadawul disclosure. The project aims to expand the firm’s value-added food portfolio. Preliminary work is set to start in 3Q 2026, pending regulatory approvals. The project will be funded through internal resources, shariah-compliant bank facilities, and other financing programs.