Saudi Arabia’s Fourth Milling Company a leading company in the field of flour production in the Kingdom, has announces its intention to proceed with an initial public offering (IPO) on the Main Market of the Saudi Exchange.
The company plans to offer 162,000,000 ordinary shares, representing 30% of its total issued share capital. The offering’s net proceeds will be distributed to the selling shareholders.
Fourth Milling has achieved significant sales growth in the last few years, with revenues growing at a CAGR of 29.7% from SAR 336 million in 2021 to SAR 566 million in 2023. During this period, its EBITDA margins increased from 32.1% in to 38% (with adjusted EBITDA margin of 40.0% after adjusting non-recurring items), driven by higher-margin products and cost efficiencies.
“The Fourth Milling Company is proud to be a leading force in the Saudi milling industry,” said its Chairman, Bader Hamed AlAujan. “With the IPO, we embark on an exciting new chapter. Over the coming years we aim to further strengthen our market position, expand our product portfolio and continue to invest in infrastructure, people and processes. Our dedication to excellence and innovation will drive us forward as we pursue these ambitious goals.”
