MA'ADEN (Saudi Arabian Mining Co.) is a diversified mining company, active in gold, base metals, mining and infrastructure industry. Ma'aden was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the development of Saudi Arabia's mineral resources. It is the largest mining company in Saudi Arabia. The Saudi government still owns 50% of its shares while the remaining 50% are listed in Tadawul (Stock Market). The company is structured with corporate headquarters in Riyadhw
Ma’aden will continue to firmly follow all instructions from the Saudi Arabian Ministry of Health and the National Centre for Disease Prevention and Control, as well as the directives issued by the Saudi Arabian Ministry of Human Resources and Social Development for appropriate continuation of operations. Take care, stay safe
We had come a long way since 1997, when the company was established by royal decree with a mandate to develop Saudi Arabia’s minerals sector as the third pillar of Saudi industry, beyond oil and petrochemicals. Ma’aden was wholly owned by the Saudi Government until 2008 when half its shares were floated on the Saudi Stock Exchange (Tadawul).
Furthermore, Saudi Arabia is now becoming a major player in the global stability of food supply. Ma'aden phosphate investment consists of several focused businesses: M a’aden Phosphate Company (MPC) MPC is a USD 5.6 billion (SAR 21 billion) joint venture investment of which Ma’aden own 70%. It operates from two primary locations: Al Jalamid in the Northern Province of Saudi Arabia, where
His Excellency Yasir Bin Othman Al-Rumayyan is the Chairman of the Board of Maaden Saudi Arabian Mining Company since the end of September 2019, the Governor of the Public Investment Fund since 2015, and serves as the advisor to the General Secretariat of the Cabinet of Ministers, a position he has held since 2016. His Excellency holds key positions on the boards of some of the world’s
Maaden (company) Language; Watch ; Edit; MA'ADEN (Saudi Arabian Mining Co.) is a diversified mining company, active in gold, base metals, mining and infrastructure industry. Ma'aden was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the development of Saudi Arabia's mineral resources. It is the largest mining company in Saudi Arabia. The Saudi government
Saudi Arabian Mining Company Otherwise known as Ma’aden, Saudi Arabian Mining Company explores and extracts phosphates, aluminum, and precious metals such as gold, silver, magnesium and zinc. It has a production capacity of 9.4 tonnes and 14.2 tonnes of gold and silver a year, and mines an area of roughly 60,000 sq. km in the Arabian Peninsula.
Alcoa and the Saudi Arabian Mining Company (Ma’aden) formed a joint venture in 2009 that has created the world’s largest, lowest cost fully integrated aluminum facility. The project includes a bauxite mine situated in central Saudi Arabia, which connects by rail to an integrated facility consisting of an alumina refinery, smelter, and casthouse on the Arabian Gulf coast.
Saudi Arabia has a mission to transform its mining industry into its economy’s third pillar by 2030. The country’s metal ore mining revenue exceeded one billion U.S. dollars in 2017.