#Fourth Milling Company

Saudi Arabian milling firm MC4 seeks to raise $228.9m from IPO

Saudi Arabian milling firm MC4 seeks to raise $228.9m from IPO

The indicative share price of SAR5 and SAR5.30 per share implies a market valuation of around SAR 2.8bn ($763.2m)

Fourth Milling Company to float IPO on Saudi's Tadawul Image for illustrative purposes GettyImages-1255343916-e1723528847456

Fourth Milling Company to float IPO on Tadawul

The company has a robust presence in the Saudi flour market, and it is known for its premium FOOM brand, which holds the largest market share

Fourth Milling Company plans to list 30% stake in IPO

Saudi Arabia’s Fourth Milling Company plans to list 30% stake in IPO, CMA says

The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy