On June 21, 2026, Modern Mills Company announced a leadership transition following a Board of Directors resolution dated June 20, 2026. The company ended the assignment of Ahmad Abdulkareem Hijazi as Acting Chief Executive Officer, effective July 1, 2026, with Hijazi returning to his original role as Vice President - Feed Business. The Board simultaneously appointed Majed Mazen Nofal as the new Chief Executive Officer, also effective July 1, 2026. Nofal brings over 25 years of experience in food production, FMCG, and industrial manufacturing across Saudi Arabia and the Middle East, with expertise in business transformation, M&A integration, and digital transformation initiatives.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.