Ma’aden announces net profit of SAR 5.2 billion highest record financial results for full year 2021
Feb 28, 2022
• Sales increased by 44% year on year to SAR 26,769 million
• Net profit increased to SAR 5,227 million (versus a loss of SAR 209 million in 2020)
• EBITDA increased by 114% year on year to SAR 12,031 million
• EBITDA margin remains strong at 45%
Saudi Arabian Mining Company (Ma’aden), announces its financial results for the year ended 31 December 2021. Ma’aden is Saudi Arabia’s national mining champion and one of the fastest-growing mining companies in the world, listed on the Saudi Exchange.
Ma’aden reported record for the year 2021, increasing year on…
Ma’aden signs 2022 Phosphate Fertilizer Supply Contract with Bangladesh
Feb 01, 2022
Ma’aden has renewed phosphate fertilizer supply agreement with Bangladesh Agricultural Development Corporation (BADC) to supply phosphate fertilizers for the year 2022/23. Building on a long-standing relationship that started since 2016 to support Bangladesh’s farmers along with Bangladesh’s food security and sustainability.
BADC is a government-owned corporation that imports fertilizers to Bangladesh under the umbrella of the Bangladesh Ministry of Agriculture.
Commenting on the contract signing, Hassan Al-Ali, SVP, Phosphate & Industrial Minerals SBU, said: “We are pleased to continue to offer quality, reliable fertilizer supplies to Bangladesh. We hope to demonstrate our ongoing commitment to Bangladesh Ministry of Agriculture…