Modern Mills Company, the Saudi food production group listed on the Saudi Exchange (Tadawul), has appointed Majed Mazen Nofal as Chief Executive Officer, effective 1 July 2026. The board of directors approved the appointment in a resolution dated 20 June, and the company disclosed the decision to the market the following day, closing out a leadership search that had left the top job in acting hands since the start of the year.
In the same disclosure, Modern Mills said the assignment of Ahmad Abdulkareem Hijazi as acting Chief Executive Officer would end on the same date, with Hijazi continuing in his original role as Vice President of the company's feed sector, a position he returns to after leading the company on an acting basis since February. The arrangement keeps his operational knowledge inside the business while handing the permanent mandate to Nofal. Nofal, for his part, stepped down from his seat as an independent member of the board of directors, where he chaired the Nomination and Remuneration Committee, ahead of assuming the executive role, a resignation the company had announced separately as the appointment took shape.
Nofal brings more than 25 years of experience in food production, fast moving consumer goods and industrial manufacturing across Saudi Arabia and the wider Middle East. He most recently served as Chief Executive Officer of Takween Advanced Industries, a Saudi listed industrial manufacturing company, a role he left shortly before his appointment at Modern Mills. His path to the chief executive office, from independent director and committee chairman to executive leadership, is an unusual but not unprecedented route on the Saudi market, and it means he arrives already familiar with the company's governance, remuneration structure and board level strategy discussions.
Modern Mills is a Saudi food production company whose operations span flour milling and animal feed, serving customers across the Kingdom. The company is listed on the Saudi Exchange, where its June disclosure set out the leadership change, the effective date, and the return of the acting chief executive to his substantive role in the feed business.
The appointment restores permanent leadership at Modern Mills after roughly five months under an acting chief executive. The board's choice of a sitting independent director, already versed in the company's strategy through his committee chairmanship, reads as a preference for continuity over an external reset, though that remains an inference from the sequence of the disclosure rather than a stated rationale. For investors, the practical signals to watch are whether Nofal's operating background in FMCG and industrial manufacturing translates into an emphasis on production efficiency and capacity growth in the company's next strategic and results updates, and whether the board moves to fill the independent seat and committee chairmanship he vacated.
