| Introduction | Modern Mills Company announces the signing of an agreement to purchase corn from Al Ghurair Advanced Trading Company (Related Party). |
| Date of Announcement of the Award | 2026-01-21 Corresponding to 1447-08-02 |
| Contract Subject Matter | Purchase of corn for production and manufacturing purposes. |
| The Entity with Which the Contract was Signed | Al Ghurair Advanced Trading Company. |
| Date of Signing the Contract | 2026-01-21 Corresponding to 1447-08-02 |
| Contract Value | 21,375,000 SAR |
| Contract Details | Purchase of corn for production and manufacturing purposes. |
| Contract Duration | two months |
| Financial Impact and the Relevant Period | It is expected that it will have positive impact on the financial results for the year 2026. |
| Related Parties | Mr. John Gregory Iossifidis, the Vice Chairman of Modern Mills Company in his capacity as CEO of Al-Ghurair Investment Group, which owns 100% of the share capital of Al Ghurair International Resources Company, which in turn owns 100% of Al Ghurair Advanced Trading Company. |
| Additional Information | Modern Mills Company confirms that the contract is signed based on the ordinary course of business and has no preferential treatment. |
