Modern Mills Co (Ticker: MODERNMI AB) is a Saudi Arabian company operating in the Food industry. The company specializes in producing and distributing a portfolio of flour and animal feed, aiming to fortify food security within Saudi Arabia. The company, part of a significant privatization program, was established as a closed joint stock company owned by the Public Investment Fund (PIF) and later acquired by a consortium of MADA Holding (KSA) and AL Ghurair Foods (UAE).

Modern Mills Co is scheduled to list on the Saudi Arabian stock exchange on March 27, 2024. The company is offering 24.55 million shares at an offer price of SAR 48.00 (USD 12.80) per share. The IPO is expected to raise SAR 1.18 billion (USD 314.16 million), with all offered shares being secondary shares. The total offer size stands at SAR 1.18 billion (USD 314.16 million), aimed at supporting the company's growth and expansion plans.