Latest news with #ArabianMills
Arab News
5 days ago
- Business
- Arab News
Six Saudi-listed companies join FTSE Russell indices amid index review
RIYADH: Six recently listed Saudi companies are set to join FTSE Russell's global equity benchmarks, following the index provider's latest quarterly review. As part of the FTSE Saudi Arabia Inclusion in the Global Equity Index Series, these changes will take effect on June 23 and be reflected on the Saudi Exchange at the close of trading on Wednesday, June 19. The adjustment is being made early due to the market closure on Friday, June 21. The newly included companies are Al Majed Oud Co., Arabian Mills for Food Products Co., Fourth Milling Co., Nice One Beauty Digital Marketing Co., Tamkeen Human Resource Co., and United International Holding Co. All six companies recently completed initial public offerings on the Tadawul. FTSE Russell, a subsidiary of the London Stock Exchange Group, is a globally recognized index provider. Its indices, including the FTSE Global Equity Index Series, are widely followed by institutional and passive investors. Inclusion in these benchmarks is a notable milestone for any listed company, often resulting in increased passive fund inflows, improved liquidity, greater visibility, and enhanced credibility. According to the index update, Al Majed Oud Co. will be included in the Mid Cap segment of the FTSE Global Equity Index. The other five companies — Arabian Mills, Fourth Milling, Nice One, Tamkeen, and United International Holding — will be added to the Micro Cap segment. This move supports Saudi Arabia's Vision 2030, a national strategy aimed at diversifying the economy, liberalizing capital markets, and boosting non-oil revenues. Reforms spearheaded by Tadawul and the Capital Market Authority — including the easing of foreign ownership restrictions and the modernization of trading systems — have helped make the Kingdom's markets more accessible to global investors. The momentum in Saudi Arabia's IPO market continues to grow. In 2024, the main market witnessed 14 IPOs that raised approximately $3.8 billion, while the Nomu parallel market hosted 28 listings. Currently, more than 30 companies are in the IPO pipeline, and Tadawul is expecting a record year, with over 50 applications under review. Despite the positive signal from index inclusion, all six companies experienced declines in share price as of 14:00 Saudi time on the day of the announcement. Al Majed Oud Co. dropped by 2.09 percent, Arabian Mills for Food Products Co. declined 1.87 percent, and Fourth Milling Co. fell 1.06 percent. Nice One Beauty Digital Marketing Co. slipped 1.96 percent, Tamkeen Human Resource Co. was down 2.89 percent, and United International Holding Co. edged lower by 0.71 percent. While short-term price fluctuations are common, research suggests that being added to major global indices tends to enhance a company's visibility and appeal to institutional investors over time. The long-term impact, however, often depends on broader market conditions, investor behavior, and post-inclusion trading patterns.
Argaam
6 days ago
- Business
- Argaam
Arabian Mills kicks off year with 15.4% increase in Q1 profits: CEO
Mr. , CEO of Arabian Mills for Food Products Co., said in an interview with Argaam that the company is continuing to strengthen its financial performance, benefiting from strong demand in both the feed and flour segments. The company is also focused on reducing its debt and improving operational efficiency. According to Argaam, Arabian Mills recorded a net profit of nearly SAR 64 million in Q1 2025, representing a 15.44% year-on-year (YoY) increase. The company's revenue also rose by 3.25% YoY, primarily driven by impressive performance in the feed segment, which increased by 15.59%, and the flour segment, which saw a growth of 7.18%. These segments contributed an additional SAR 7.8 million to the total revenue, fueling the company's profit growth. Arabian Mills has successfully maintained strong profit margins through cost-control initiatives and operational improvements, as well as leveraging technological advancements to enhance efficiency and reduce expenses. Effective liquidity management and lower financing costs also played a role in achieving overall profit growth during the period. Mr. Rohit highlighted that Arabian Mills is one of the largest flour producers in Saudi Arabia, holding a market share of 29%, according to data from the General Food Security Authority (GFSA). This strong market position offers greater opportunities for expansion within its core segments. Furthermore, the company has reduced its financing costs through strategic debt reduction and improved financial revenues, achieved by optimizing cash management practices, which further supports profitability. Mr. Rohit anticipates steady revenue growth driven by sustained demand in key segments such as feed and flour. Overall, Arabian Mills is well-positioned to build on its Q1 achievements, leveraging strategic initiatives to promote growth and profitability in Q2 2025. Mr. Rohit expressed optimism about achieving positive results in the second quarter, backed by initiatives focused on increasing productivity, reducing costs, and enhancing profitability. Additionally, Arabian Mills is contemplating a new phase of international market expansion, having received orders from companies in several countries, including the UAE, Jordan, Sudan, Iraq, Yemen, Oman, Somalia, Kenya, Ethiopia, and Chad for its feed and flour products. Mr. Rohit also explained that the company aims to increase its production volumes by continuously expanding and upgrading its mills, including the establishment of a new flourmill in Riyadh with a production capacity of 600 metric tons per day, in addition to a feed mill with a capacity of 400 metric tons per day. This will support the company in boosting revenues and meeting the growing demand. As part of its strategy to diversify its brand portfolio, Arabian Mills is also preparing to launch conventional pasta and reintroduce Harees and Jareesh products under its 'FINAH' brand. The company has introduced the (Master Mills) brand, which features a carefully curated selection of products designed for everyday cooking and modern lifestyles. The offerings include premium flour, delicious cake mixes, durum wheat pasta, durum wheat semolina, and a special gluten-free range, all created to meet consumer demand.
Zawya
18-03-2025
- Business
- Zawya
Arabian Mills sees higher profits in 2024; revenues near $259.73mln
Riyadh – Arabian Mills for Food Products Company logged net profits amounting to SAR 213.63 million in 2024, up 6.67% year-on-year (YoY) from SAR 200.27 million. Revenues climbed by 12.97% to SAR 973.94 million at the end of December 2024 from SAR 862.08 million in 2023, according to the financial results. Earnings per share (EPS) increased to SAR 4.16 last year from SAR 3.90 in 2023. Arabian Mills offered 15.39 million shares on the Saudi Exchange (Tadawul) after obtaining the Capital Market Authority's (CMA) approval in June 2024. Source: Mubasher All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. ( Mubasher
