12:49 AM EDT, 08/17/2026 (MT Newswires) -- Modern Mills Co. (SASE:2284) said Sunday it secured a 235 million-Saudi-riyal shariah-compliant credit facility from Saudi Awwal Bank (SASE:1060). The facility comprises 120 million riyals in capital expenditure financing with an eight-year tenure, and a 115 million-riyal revolving credit facility with a one-year tenure. The Tadawul-listed flour milling company will use the funds to finance its new feed mill project in Al-Jumum, Saudi Arabia, and for working capital needs.

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