Building for Tomorrow

In this Annual Report, as we have reflected on the challenges and achievements of 2020. We have also had a chance to reflect on who we are as a company.

This Annual Report began by remembering that 2020 was a year like no other. Sometimes, it is in challenging times that people and organizations get to know themselves best.

2020 was a year where Ma'aden demonstrated that it is a strong and robust company, resilient to anything that is happening in the world around it. In challenging times, the Company has demonstrated that it is able to deliver value – for customers, shareholders, staff and Saudi Arabia.

What this year has demonstrated, above all, is that Ma'aden is a resilient, strong and responsible company with global presence and local impact. We are proud of what we have achieved, and we move into 2021 confident about the future.

We end the year in a strong financial position, with exciting plans ahead for the Company. Our growth ambitions will be supported by new developments and new explorations. We will continue to drive efficiencies, strive for ever higher safety standards, invest in new technologies and to deliver even more value to investors. As the world returns to normal, tremendous opportunities lie ahead for Ma'aden as we continue our journey to become a Saudi global mining giant.

At the heart of all of our plans is a promise to keep on delivering for our customers, both now and in the future. It is this central commitment which underpins all of our work – delivering the products that people around the world need to live active, economically productive and successful lives. 2020 was also a year when we saw the talents, commitment and skills of staff come shining though. It was a year when we continued to show that we care – about people, about communities, about the places where we work and about the planet.