If you'd like to get contact with us, please send an email to info@maaden.com.sa or you can contact one of our offices below:

SAUDI ARABIAN MINING COMPANY

Head Office - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8000
Fax: +966 (0) 11 874 8300
info@maaden.com.sa
Procurement - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8096
Fax: +966 (0) 11 874 84444
srm@maaden.com.sa
Public & Media Affairs - Riyadh
P.O. Box 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8409
Fax: +966 (0) 11 874 8057
media@maaden.com.sa
Jeddah
P.O. Box 13784 Jeddah 21414
Kingdom of Saudi Arabia
Tel: +966 (0) 12 229 2600
Fax: +966 (0) 12 229 2651
Al Khobar
P.O. Box 32001 Al Khobar 31952
Kingdom of Saudi Arabia
Tel: +966 (0) 13 811 1970
Fax: +966 (0) 13 811 1964
Jubail
P.O. BOX 11110 Jubail 31961
Kingdom of Saudi Arabia
Tel: +966 (0) 13 347 3333
Fax: +966 (0) 13 347 5682
Investor Relation - Riyadh
P.O BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8123
Fax: +966 (0) 11 874 8132
invest@maaden.com.sa

STRATEGIC BUSINESS UNITS - SBU

Aluminium - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Fax: +966 (0) 11 874 8187
aluminiumsales@maaden.com.sa
Phosphate - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8329
mktg-online@maaden.com.sa
Gold - Jeddah
P.O BOX 13784 Riyadh 21414
Kingdom of Saudi Arabia
Tel: +966 (0) 12 229 2600
Fax: +966 (0) 12 229 2651
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Ma’aden delivers SR132 million in net profit in the 2nd quarter of 2016

Jul 19, 2016

The Saudi Arabian Mining Company "Ma’aden" announced its financial results for the quarter ending June 30, 2016, revealing it had achieved SR132 million in net profit (attributable to shareholders), compared to SR169 million in the previous quarter.

Ma’aden reported operating profit of SR326 million in Q2 2016, an increase of 8% from the previous quarter but a decline of 31% from Q2 in 2015. The company noted that revenues for the second quarter declined by 15% in Q2 2016, compared to the same quarter last year as a result of a decline in prices for most of the company’s primary commodities. Ammonium phosphate fertilizer prices declined by 31%, ammonia prices were down by 9%, and average aluminum LME prices declined by 16% compared to the same quarter of 2015.

The decline in commodity prices was partially offset by higher sales volumes of ammonia, DAP and gold, as well as a reduction in cost of sales through lower raw material and operating costs and lower technical and administrative expenses.

The second quarter financial results reflects Ma’aden`s success in dealing with the current decline in prices across global commodity markets, where it has applied a number of initiatives to mitigate the impact of lower prices while preserving its competitiveness, strengthening its global position and significantly contributing to the Kingdom's Vision for 2030 through increasing non-oil exports and creating job opportunities and sustainable development throughout Saudi Arabia.”

For further information please contact:

Media Relations

E: media@maaden.com.sa

MEDIA CONTACTS

Media Relations
media@maaden.com.sa

Annual Report 2014

Annual Report
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