05/12/2025 03:03 AST

Leading Saudi flour production company Fourth Milling Company (MC4) has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 million) expansion project.

The commencement of civil works for the project marked an important milestone for MC4, and the official launch of construction works under the distinguished sponsorship of MEWA and GFSA, following an invitation extended by MC4.

Following the expansion, it will add a new wheat milling line with a capacity of 750 tonnes per day and a new feed plant with a capacity of 240 tonnes per day.

The expansion will increase MC4's total production capacity to more than 1.34 million tonnes annually, making it one of the largest players in the kingdom's flour milling landscape and reinforcing the company's critical role in supporting the kingdom's food security agenda under Vision 2030.

The groundbreaking ceremony was attended by senior officials led by Eng. Abdulrahman Abdulmohsen AlFadley, the Minister of Environment Water and Agriculture, alongside Eng. Ahmed Bin Abdulaziz Alfares, the President of the General Food Security Authority (GFSA).

The delegation then toured the site, reviewed project milestones, and met with senior leadership of MC4.

CEO Khalid Al Maktary said: "We are honoured to welcome our esteemed guests to Al Kharj as we take another major step toward strengthening national food security and unlocking new growth opportunities. This expansion aligns with our vision to be a future-ready, high-capacity milling partner for Saudi Arabia and the region, supported by world-class infrastructure, smart technologies, and a deep commitment to quality."

The Al Kharj expansion is part of MC4's broader transformation journey, which includes advanced quality certifications, institutional digitization, and a growing export footprint supported by GFSA export authorization, stated Al Maktary.

The project is also expected to support job creation for Saudi nationals, in line with the Kingdom's localization and economic diversification agenda under Vision 2030, stated the official.

MC4 continues to demonstrate operational strength across its nationwide network, with its production facilities running at a high utilisation rate of 94% and the Al Kharj branch operating at an exceptional 97% capacity, he added.


Trade Arabia

Ticker Price Volume
FOURTHMILLING Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ALMARAI 44.20 0.00 (0.00%)
SADAFCO 238.50 -2.80 (-1.17%)
SAVOLAGROUP 24.30 0.00 (0.00%)
NADEC 18.42 -0.10 (-0.54%)
FIRSTMILLS 49.74 0.30 (0.60%)
BIBF, Aljazira Bank sign strategic MoU to develop Saudi banking talent

07/01/2026

The Bahrain Institute of Banking and Finance (BIBF) and Aljazira Bank have signed a strategic partnership aimed at developing professional competencies and enhancing capabilities, as part of the Bank

BNA

Ajman Bank completes core banking system upgrade as part of ongoing technology transformation

07/01/2026

Ajman Bank has successfully completed a planned upgrade of its core banking system, reinforcing the Bank's long-term focus on operational resilience, platform stability, and disciplined digital trans

Khaleej Times

Gulf Bank team qualifies for the final of KBA Football Championship

07/01/2026

In a new sporting achievement, the Gulf Bank football team has qualified for the final of the annual Kuwait Banking Association Championship, where it will face Boubyan Bank in the final match to be

Kuwait Times

Alba hits record 1.623MT aluminium production in 2025

07/01/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has delivered a historic production record of 1,623,139 metric tonnes in 2025 (versus 1,622,261 metric tonnes in 2024), ex

Trade Arabia

Trinasolar boosts KSA presence through collaboration with ACWA Power

07/01/2026

Trinasolar, a global leader in smart PV and energy storage solutions, is accelerating its presence in Saudi Arabia through strategic collaborations with ACWA Power, the world's largest private water

Trade Arabia