With 246 % up compared to same quarter in 2021 MA’ADEN reports a new record net profit of SAR 2.9 billion and 64 % growth in sales in Q1 2022
Apr 27, 2022
Saudi Arabian Mining Company (MA’ADEN) has released its financial results for the first quarter of 2022 today, reporting a record net profit of SAR 2.9 billion, up by 246 % from the first quarter of 2021, and sales of SAR 8.9 billion, up by 64 % from the same quarter last year.
EBITDA stood at SAR 4.4 billion, up by 101% compared to the same quarter of 2021. MA’ADEN Phosphate business contributed 70% to the group EBITDA for Q1, 2022 followed by Aluminium and Gold segment which contributed 24% and 6% respectively.
MA’ADEN attributed the increase in profit to numerous…
Ma’aden Extends MoU with Emirates Global Aluminium
Apr 07, 2022
Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining champion and one of the fastest-growing mining companies in the world, has signed an agreement to extend its MoU with Emirates Global Aluminium (EGA). This extension signed during an event at Expo 2020 in Dubai, deepens the focus on R&D, aiming at both conventional and green technologies targeting areas of smelting, waste management and recycling.
Riyadh Al Nassar, Senior Vice President of Ma’aden’s Aluminium business, commented on the partnership: “Aluminium is one of the world’s most crucial metals for the global industry going into a future that is focused on environment…
Ma’aden is Diamond Sponsor of Fertilizer Latino Americano Conference
Mar 31, 2022
Ma'aden participated as a diamond sponsor in the 2022 Fertilizer Latino Americano Conference, held in Miami, USA, from March 21-23. The conference is one of the largest within the agricultural fertilizer market.
Ma’aden’s participation stems from its ongoing goal to expand its presence in the global fertilizer market, in line with its wider strategic business objectives and ambitions. During the event, Ma’aden delegates engaged with current and potential customers as well as relevant authorities to discuss the most prominent challenges and opportunities facing the industry in the Latin American region.
Ma’aden entered the Brazilian market in 2014 and is…
Ma’aden Exports First Shipment from New Ammonia Berth
Mar 21, 2022
Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining champion and one of the fastest-growing mining companies in the world, has accomplished the loading of its first cargo from its new ammonia berth in Ras Al Khair industrial city, onto one of the four new vessels that have recently joined Ma’aden’s shipping fleet.
Ma’aden’s maritime ammonia fleet now consists of seven vessels in total, which will leverage Ma’aden’s ammonia shipping capacity of 2 million metric tons per year, enabling Ma’aden to meet increased global demand.
Commenting on the news, Eng. Hassan Al Ali, Senior Vice President of Ma’aden’s Phosphate…