Maaden saudi arabian mining company. 1 INTRODUCTION. 12/11/2006, require the establishment of the Audit Committee. com. Ma’aden is the leading mining and metals company in Saudi Arabia, and the tenth largest mining company in the world according to market capitalization. SR) stock quote, history, news and other vital information to help you with your stock trading and investing. sa. (Alba) to pursue a potential business combination to create a global aluminium powerhouse. 1. Ma'aden is also working hard exploring vast areas of Saudi Arabia for new mining opportunities. 1 day ago · Dubai: Saudi Arabian Mining Company (Maaden) acquires a 25. Our minerals for your sustainable future This presentation contains statements that are, or may be deemed to be, forward looking statements, including statements about the beliefs and expectations of Saudi Arabian Mining Company (Ma’aden) (the "Company"). Jan 20, 2008 · Saudi Arabian Mining Co SJSC is a Saudi Arabia-based company, which is engaged in the mining sector. E. Ma'aden's vision is to be a “Sustainable mining champion with global presence”. 9 mln; Q3 loss at SAR 83. Mansourah Massarah had gold resources of almost seven million ounces at Ma'aden | 695,614 followers on LinkedIn. 4 mln 9 M 2023 Jan 11, 2023 · RIYADH: Saudi Arabian Mining Co. 1. Some of the financial information included in this presentation is derived from the Company’sconsolidated financial statements but are not terms defined within the International Financial Reporting Standards (IFRS) as applied In the Kingdom of Saudi Arabia. 12 billion) in 2023. With our phosphate deposits in the north of Saudi Arabia, and proximity to promising markets in South Asia and East Africa, we are in a strong position to serve global needs. Company History. In April 2024, Ma’aden purchased Mosaic Phosphates B. Ma'aden | ٦٩٦٬٠٦٩ من المتابعين على LinkedIn. Company Bylaws. 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. To engage in the various aspects of mining activities relating to all stages of the mining industry. ) is a multi-commodity mining and metals company, active in gold, phosphate, fertilizer, base metals, aluminum and managing its infrastructure industry. It 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. Such information is provided as the Company believes they are useful measures for SAUDI ARABIAN MINING COMPANY (MA'ADEN) (A Saudi Arabian joint stock company) Administration and contact details as at 31 December 2019 2 Commercial registration number 1010164391 Directors H. Apr 17, 2024 · We also operate a 50/50 joint venture with Saudi Arabian Mining Company Ma’aden to explore for minerals on ~48,500 km 2 of underexplored Arabian Shield in the Kingdom of Saudi Arabia. said on Wednesday it agreed to form a joint venture with the Kingdom’s sovereign wealth fund to invest in mining assets globally. 02B in Q2 6 M 2024 Maaden Q1 2024 profit jumps to SAR 981. Ma’aden is the largest mining company in the Middle East. Contact Information. Click here. . Its contents should not be passed on to, or discussed with any external party without the formal approval from the Document Owner Saudi Arabian Mining Company (Ma'aden) P. 179 dated 8 Dhu Al. sa 31 December 2018 Saudi Arabian Mining Company (Ma'aden) Record full year profits Financial highlights Ma’aden reported its highest ever annual profits for the year ended 31 December 2018. sa H. Construction completion is expected in the fourth quarter 2021. 1 day ago · Aluminium Bahrain (Alba) has a non-binding agreement with Saudi Arabian Mining Company (Maaden) to commence due diligence towards a potential business combination involving segments of Maaden’s aluminium strategic business unit. Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. 57B in 2023; Q4 at SAR 890. Company overview. 2. Maaden was formed by the Royal decree number m/17 date 14/11/1417 (H) to under-take all mining activities and development of mining sector in the kingdom. Crude was exploited under King Abdul Aziz in the gold cradle by the Saudi Arabian Mining Syndicate between 1939 and 1954 and reopened under King Fahd in 1983 up to the present. V. Apr 29, 2024 · Saudi Arabian Mining Company (Ma'aden), the largest multi-commodity firm in the Middle East, has been certified by the international assessor DNV as having produced 614,000 tonnes of ultra low carbon ammonia, representing the largest quantity accredited in the world to date. Ma'aden's mission is to lead the development of the mining industry in Saudi Arabia, by maximizing the value of the mineral resources, while developing to be a Saudi Global Mining Giant. BOX 68861 Riyadh 11537 Kingdom of Saudi Arabia Tel: +966 (011) 874 8000 Fax: +966 (011) 874 8300 Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. Saudi Arabian Mining Company (Ma’aden) Nomination and Remuneration Committee Charter 3/16 . As an integral part of Saudi Arabia's Vision 2030, the company is committed to develop the mining industry in the region while prioritizing responsible and sustainable operations. (Alba) approved during its meeting on 16 September 2024 for Alba to enter into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to commence due diligence towards a potential business combination involving segments of Maaden’s aluminium strategic business unit. 1 day ago · Saudi Arabian Mining Company (Ma'aden) said on Monday it has signed a non-binding agreement with Aluminium Bahrain B. MA'ADEN (Saudi Arabian Mining Co. In Saudi Arabia, the Saudi Government has launched a countrywide initiative to diversify the economy and create jobs. The Companyâ s principal mining activities are at the Mahd Adâ Dahab, Al-Hajar, Bulghah, Al-Amar, Sukhaybarat, As Suq, Al Jalamid, Az Zabirah, Al-Ghazallah and Al Baitha mines. Box 68861, Riyadh 11537 Kingdom of Saudi Arabia Tel: +966 011 874 8123 Fax: +966 011 874 8134 www. 2 The Board of Directors (the Board) of Saudi Arabian Mining Company (hereinafter Saudi Arabian Mining Company (“Ma’aden”) (the “Company”) was formed as a Saudi Arabian joint stock company, following the Council of Ministers Resolution No. This document is intended for internal use by Ma’aden only. Ma’aden is the largest multi-commodity mining and metals company in the Middle East and among the fastest-growing mining companies in the world, with revenues of SAR 26. 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 agreed to buy shares in Alba in exchange for the entire share capital of two of May 21, 2024 · Saudi Arabian Mining Company Ma'aden has successfully extracted lithium from seawater, although not at levels that are commercially viable and its project remains at the pilot stage, its CEO told company assets • Grow sustainably phosphate, aluminum, gold and base metals in Saudi Arabia • Grow in specific industrial minerals • Leading the development of the Saudi mining sector Pillar 3: Global presence • Leverage world-class mineral deposits in Saudi Arabia to grow as a global industry leader • Grow globally in selected Saudi Arabian Mining Company (MA’ADEN) Corporate Governance Code . C. Saudi’s Public Investment Fund is the major shareholder in Ma’aden, with a 67. Robert Wilt was appointed CEO of Ma’aden in 2022. 1 Article 15 of the Corporate Governance Regulations issued by the Board of the Capital Market Authority (CMA) in the Kingdom of Saudi Arabia, pursuant to its Jun 5, 2022 · Ma’aden is the largest mining company in the Middle East. Version ID: 002 . g. ’s shares in Ma’aden Wa’ad Al Shamal Phosphate Company, a joint venture between Ma’aden and SABIC, which represents 25% of the company, in exchange for newly issued shares in Ma’aden. The deal includes 86 million MA'ADEN (Saudi Arabian Mining Co. Dec 28, 2023 · Saudi Arabian Mining Company (Maaden) said on Thursday it had discovered multiple gold deposits south of its existing Mansourah Massarah gold mine, indicating the potential to expand gold mining Ma’aden is the largest multi-commodity mining and metals company in the Middle East and among the fastest-growing mining companies in the world, with revenues of SAR 26. Dec 28, 2023 · Maaden’s CEO Robert Wilt told Reuters in October that the company planned to double its gold and phosphate production. P. Mahd Ad Dhahab Mine - Mahd Ad Dhahab (translated as ‘cradle of gold’) is an underground mine located 167 km SE from Al Madinah, Saudi Arabia. O ur mission. Such information is provided as the Company believes they are useful measures for Oct 25, 2023 · Saudi Arabia’s flagship mining company Ma'aden is working to extract lithium from seawater, its chief executive Robert Wilt said on Wednesday, as competition for the rare metal rages between the Jun 13, 2021 · Saudi Arabian Mining Company (Ma’aden), the Saudi Arabia’s national mining champion and one of the fastest-growing mining companies in the world, has completed utilities commissioning on a $900 million ammonia plant in Ras Al-Khair industrial City. 7M 3 M 2024 Maaden net profit slumps 83% to SAR 1. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Yaser Bin Othman Al-Rumayyan - Chairman (Appointed on 28 September 2019) Capital Market Authority (CMA) in the Kingdom of Saudi Arabia, pursuant to its resolution number 1-212-2006 dated 21/10/1427H corresponding to . company assets • Grow sustainably phosphate, aluminum, gold and base metals in Saudi Arabia • Grow in specific industrial minerals • Leading the development of the Saudi mining sector Pillar 3: Global presence • Leverage world-class mineral deposits in Saudi Arabia to grow as a global industry leader • Grow globally in selected Jan 11, 2023 · Saudi Arabian Mining Co (Ma'aden) , the Gulf's largest miner, said on Wednesday it agreed to form a joint venture with the kingdom's sovereign wealth fund to invest in mining assets globally. To accomplish that; will require a large number Contact Information. Also known as Ma’aden, the Contact Information. M/17 dated 14/11/1417H (corresponding to 23/03/1997G) and Council of Ministers Resolution No. Equity The global demand for phosphorus is increasing by about 1. In February 2022, it announced plans to double the company’s capital to nearly $6. maaden. 6 billion by granting bonus shares. across all company assets • Grow sustainably phosphate, aluminum, gold and base metals in Saudi Arabia • Grow in specific industrial minerals • Leading the development of the Saudi mining sector Pillar 3: Global presence • Leverage world-class mineral deposits in Saudi Arabia to grow as a global industry leader Foundations Ma'aden industrial mineral production is used to meet the needs of Ma’aden affiliates, with the remaining output supplied to Saudi and GCC customers. Alba's Board of Directors approved the agreement during its meeting on Monday. Saudi Arabian Mining Company (Ma’aden) Executive Committee Charter. With top tier global partners like Alcoa, Mosaic and Barrick, we are building innovative, fully integrated value chains across a diverse portfolio of mineral assets 2 days ago · Maaden profit soars to SAR 2B in H1 2024, SAR 1. 1 billion (Dh4 billion). Ma'aden pioneered the mining industry in Saudi Arabia, building a world-class, unique and fully integrated mining value chain. sa Tel: +966 011 874 8123 Fax: +966 011 874 8300 The Saudi Arabian Mining Company (Ma’aden) (hereinafter referred to as the “Company” or “Ma’aden”) is a joint stock company incorporated in the Kingdom pursuant to Royal Decree No. We are developing the mining industry into the third pillar of Saudi economy in line with Vision 2030, and aim to be a role model in 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 Advisor to the General Secretariat of the Cabinet of Ministers and the Governor of the Public Investment Fund. 12 billion) in 2021. Ma'aden’s vision is to be a “Sustainable mining champion with global presence”. As part of Saudi Vision 2030, Ma'aden strives to make a significant contribution. Find the latest Saudi Arabian Mining Company (Ma'aden) (1211. Website Find company research, competitor information, contact details & financial data for SAUDI ARABIAN MINING COMPANY (MA'ADEN) of Riyadh, Riyadh. 1 per cent stake from Alcoa, a US aluminium producer, in their joint venture for $1. Chairman - Non-Executive. 4M 12 M 2023 Maaden 9M 2023 profit drops 92% to SAR 686. Company Profile . Get the latest business insights from Dun & Bradstreet. 7 billion ($7. These statements are based on the Company's current plans, estimates and projections, as well as its expectations of external conditions and events. 4 percent per annum. Box 68861 Exit 6 Abu Bakr Street, Riyadh 11537 Kingdom of Saudi Arabia Investor Relations invest@maaden. The signed copy of the minutes shall be kept attached with its related Mahd Ad Dhahab Mine - Mahd Ad Dhahab (translated as ‘cradle of gold’) is an underground mine located 167 km SE from Al Madinah, Saudi Arabia. sa Get the latest Saudi Arabian Mining Company SJSC (1211) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. 2% Ma'aden | 696,642 followers on LinkedIn. S. As a Some of the financial information included in this presentation is derived from the Company’sconsolidated financial statements but are not terms defined within the International Financial Reporting Standards (IFRS) as applied In the Kingdom of Saudi Arabia. To accomplish that; will require a large number Ma'aden approach is inspired by the company's commitment to three driving forces in the world of sustainability: V ision 2030 of Saudi Arabia. O ur vision. Qa’dah 1417H (corresponding to 17 March MINING Building a sustainability champion •5-year revenue CAGR of 23% •Strong medium-term growth driving EBITDA •The largest mining and metals company in the Middle East •Developing the mining sector into the third pillar of the Saudi economy •Global leader in fertilizer production •World’s lowest cost integrated aluminium value chain Saudi Arabian Mining Company (Ma'aden) P. Ma'aden operations include: kaolin and low-grade bauxite mine in the central zone of Az Zabirah deposit in Saudi Arabia’s Hail province. Ma'aden operates 17 mines and sites, has 6,000 direct employees and export products to 30 countries. Saudi Arabian Mining Company Ma’aden (the "Company"). a high-grade magnesite mine at Al Ghazalah and Maaden: A diverse mining powerhouse expanding capacities Maaden is a prominent and rapidly expanding mining company situated in the Middle East. in the next meeting’s agenda as one of the main subjects. sa Ma'aden is committed to adhering to four values in order to achieve its vision of becoming a "sustainable mining champion with global presence": integrity, care, teamwork, and ownership. Ma’aden is building some of the world's largest and most exciting mining businesses, as well as expanding globally. We are ranked among the top 10 global mining companies based on market capitalization. O. Furthermore, Saudi Arabia is now becoming a major player in the global stability of food supply. ) is a Saudi state-owned mining company headquartered in Riyadh. Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. Yasir Bin Othman Al-Rumayyan. The next meeting’s agenda will be then decided by the Committee’s Chairman as per 3. 21,948 likes · 79 talking about this · 811 were here. sa The Board of Directors of Aluminium Bahrain B. Approval Date: DD-MM-2024 . Ma'aden | Saudi Arabian Mining Company. BOX 68861 Riyadh 11537; Kingdom of Saudi Arabia; Tel: +966 (0) 11 874 8000; Fax: +966 (0) 11 874 8300; info@maaden. It is developing the mining industry into the third pillar of Saudi economy in line with Vision 2030 and aims to be a role model in responsible and sustainable operations. The Saudi Vision 2030 places great importance on social and environmental care. emyhkmfodkfzjrznemnypcufxqcxlqiiivcrsiqevngziqkmxtumstonebwagn