Ma’aden launches “Tharwah” Local Content program
Sep 05, 2022
• The Tharwah program aims to increase Ma’aden’s Local Content contribution to SAR 33bn and create up to 47,000 local jobs by 2040
Saudi Arabian Mining Company (Ma’aden), the largest multi-commodity mining and metals company in the Middle East, today announced the launch of its Local Content program, Tharwah, at the inaugural Local Content Forum in Riyadh.
The program inauguration was steered by Ma’aden CEO Robert Wilt, CEO of the local content Authority Abdulrahman Al-Semari and witnessed by His Excellency Bandar Alkhorayef the Minister of Industry and Mineral Resources in the presence of ministers and delegates.
Tharwah – which…
Visit of The Special Envoy of President of Sri Lanka, Minister of Environment
Sep 01, 2022
MA’ADEN received Special Envoy of President of Sri Lanka, Minister of Environment, to explore company's expertise in developing mining opportunities, future partnerships and collaboration to meet both countries’ aspirations.
Ma’aden Signs 4 MoUs with India’s Largest Fertilizer Companies, Aims to Increase Phosphate Fertilizer and Ammonia Exports to India
Aug 25, 2022
Saudi Arabian Mining Company (Ma’aden), one of the fastest-growing mining companies in the world, today signed four memorandums of understanding (MoU) in the presence of His Excellency Bandar Alkhorayef, Saudi Arabia’s Minister of Industry and Mineral Resources, the Hon. Dr. Mansukh Mandaviya, India’s Minister of Chemicals and Fertilizers, and Robert Wilt, CEO of Ma’aden.
The agreements seek to double Ma’aden’s exports of phosphate products and ammonia to India starting in 2023, with plans to explore product and technology development collaboration for phosphate fertilizers.
The MoUs include:
- • An agreement with the Indian Potash Company Limited to supply phosphate…
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…