Modern Mills expects a positive impact from the deal during 2026
Modern Mills for Food Products Co.signed an agreement to purchase corn for production and manufacturing purposes with Al Ghurair Advanced Trading Co., a related party, for SAR 21.38 million. 
According to a statement to Tadawul, the contract is expected to have a positive impact on its financial statements during 2026, noting that the agreement’s duration is two months.
Modern Mills pointed out that its Vice Chairman, John Gregoriou Iossifidis, is a related party.
Iossifidis is also the CEO of Al Ghurair Group, which fully owns Al Ghurair International Resources Co., the owner of 100% of Al Ghurair Trading.
The company confirmed that the agreement was concluded in the ordinary course of business and does not include any preferential benefits.
Modern Mills expects a positive impact from the deal during 2026
Modern Mills for Food Products Co.signed an agreement to purchase corn for production and manufacturing purposes with Al Ghurair Advanced Trading Co., a related party, for SAR 21.38 million.
According to a statement to Tadawul, the contract is expected to have a positive impact on its financial statements during 2026, noting that the agreement’s duration is two months.
Modern Mills pointed out that its Vice Chairman, John Gregoriou Iossifidis, is a related party.
Iossifidis is also the CEO of Al Ghurair Group, which fully owns Al Ghurair International Resources Co., the owner of 100% of Al Ghurair Trading.
The company confirmed that the agreement was concluded in the ordinary course of business and does not include any preferential benefits.
