MA’ADEN DELIVERS RECORD Q2 2022 PERFORMANCE Best-ever half year results underpinned by improved operational performance and favourable market conditions
Aug 10, 2022
- • Q2 sales up 95% year on year and 33% quarter on quarter to reach SAR 11.9 billion
- • Q2 EBITDA increased by 149% year on year and 56% quarter on quarter to reach SAR 6.9 billion due to strong sales
- • Q2 net profit increased by 265% year on year and 85% quarter on quarter to reach SAR 4 billion
Saudi Arabian Mining Company (Ma’aden), the Kingdom’s mining champion, listed on the Saudi Exchange, today announces its Q2 and H1 2022 financial results.
Q2 2022 net profit increased by 85% quarter on quarter to SAR 4.0…
Ma'aden Sponsors SIDF Industrial Hackathon, contributes SAR 600,000 in prize money
Jun 28, 2022
Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining champion, supports the Saudi Industrial Development Fund (SIDF) by sponsoring its first Industrial Hackathon.
The SIDF Industrial Hackathon connects entrepreneurs with manufacturers in Saudi Arabia through a competition where young talent can use their skills to address real challenges faced by corporates. The goal of the event is to encourage innovation in the industrials sector by leveraging Saudi Arabia’s talent pool. This year’s event hosted over 200 participants.
Bob Wilt, CEO of Ma’aden said, “We are committed to supporting the development of Saudi talent and innovation. Local communities are central…
MA’ADEN sign a collaborative R&D innovation agreement with King Saud University
Jun 12, 2022
Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining champion, has signed an agreement with King Saud University to further its efforts related to the research and development of mining technology. It was signed between H.E. Dr. Badran Al-Omran, president of King Saud University and Robert Wilt, CEO of Ma’aden, with presence of representatives from both sides
H.E. Dr. Badran Al-Omran, President of King Saud University, commented the five-years agreement with Ma’aden, aims to promote collaboration on scientific and technical research and establish a joint research program to develop technology solutions. He added that the agreement will harness research and…
Saudi Arabia's leading mining company signs an MOU to facilitate the study to develop the first solar steam project in the kingdom to decarbonize MA’ADEN’s alumina refinery
Jun 02, 2022
Saudi Arabian Mining Company (MA’ADEN), Saudi Arabia’s national mining champion and one of the fastest-growing mining companies in the world, and GlassPoint, the leader in industrial solar steam, have entered into a Memorandum of Understanding to develop the world’s largest solar process heat plant at MA’ADEN’s Alumina refinery. When complete, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually. This represents more than 50% reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4% of MA’ADEN’s overall carbon footprint.
The MOU was signed at MA’ADEN HQ in Riyadh,…