Fourth Milling Co. — Capital/Financing Update 2025

May 1, 2025

Fourth Milling Co. Announces the construction of new flour mill and feed mill at AlKharj city

2286 · 01/05/2025 08:16:36 · Announcement #86861 · View on Saudi Exchange

Fourth Milling Co. Announces the construction of new flour mill and feed mill at AlKharj city

Element List	Explanation
Introduction	Fourth Milling Company (MC4) is pleased to announce a strategic investment of approximately SAR 265 million in Al-Kharj city to enhance its flour and feed production capabilities.

The Investment comprises of the construction of a state-of-the-art flour mill and related infrastructure, which will increase daily flour production capacity by 750 tons, bringing the total daily capacity to 1,350 tons for Al Kharj Plant. Additionally, a new feed mill will be developed with a daily production capacity of 240 tons.

It's worth noting that the company has obtained approval from the General Food Security Authority (GFSA) for this capacity expansion. Date of Board Resolution in Regard to the Project 2025-04-30 Corresponding to 1446-11-02 Project Start Date The project is expected to commence in the Second quarter of 2025G after obtaining all necessary regulatory approvals Project Cost The total approximate cost of the project is estimated to be 265 million Saudi Riyals. Financing method for the project The project will be funded by sharia compliant bank facilities and internal operating cash available at the company. Expected completion date of the project Feed Mill to be completed during the second half of the fiscal year 2026 and Flour Mill during the second half of the fiscal year 2027 Expected Financial Impact of the Project on the Company’s Results The project is expected to have a positive impact on the company's results after the commencement of commercial operation. The Start of the Expected Impact of the Project on the Company’s Results Financial impact is expected after the start of commercial operations, Feed Mill during the second half of the fiscal year 2026 and Flour Mill during the second half of the fiscal year 2027. Expected Date for the Pilot Production of the Project to Begin Feed Mill- During the First half of the fiscal year 2026

Flour Mill- During the First half of the fiscal year 2027 Duration of the pilot production of the project A month from the date of the trial run. Expected date for the commercial production of the project Feed Mill- During the second half of the fiscal year 2026

Flour Mill- During the second half of the fiscal year 2027 Executing Party/Counter Party in the Project/Contract It will be announced later upon signing the contract. Related Parties There are no related parties as of the date of announcement. Additional Information None

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.