Ma’aden enters Forbes 2000 list of World’s Largest public companies
May 24, 2022
Forbes Global 2000 has included Saudi Arabian Mining Company (Ma’aden) in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues. The list included 40 Arab companies 16 of which were Saudi.
Ma'aden stated that this achievement was made possible by the company's unwavering commitment to production rates and customer service, and that Ma'aden commodities are available in over 21 countries worldwide, contributing positively to financial performance.
Ma'aden's brand market value has lately increased by 69 percent to over SR1.8 billion, making it the largest multi-commodity mining company's brand in the Middle…
"Ma'aden" promotes its EHSS vision and experience
May 19, 2022
Saudi Arabian Mining Company "Ma'aden" participated in the Global Health, Safety, and Environment Conference 2022, held between 16-19 May at the Oman Convention and Exhibition Center as a Strategic Sponsor.
Ma'aden" said its executives and leaders highlighted the company's Health, Safety and Environment (HSE) strategy and solutions during the conference's sessions and workshops.
Abdulaziz Al Harbi, Deputy CEO, delivered the keynote speech on the first day, addressing the transformation of safety and leadership excellence along with sustainability, and keeping pushing the boundaries of excellence.
"Ma'aden" noted that its participation in the conference aims to highlight the company's efforts and vision…
Ma’aden CEO outlines growth strategy at Mining Indaba 2022 in South Africa
May 10, 2022
The Saudi Arabian Mining Company "MA’ADEN" showcased its ambitious growth strategy during the “Mining Indaba 2022” conference held in South Africa
Robert Wilt, CEO of MA’ADEN, gave a keynote presentation at the conference, outlining the company’s strategic growth plans, highlighting the wide-ranging opportunities for partnerships and the vast potential of the Saudi mining ecosystem.
Wilt highlighted the significant progress MA’ADEN has made in achieving its ambitious growth targets, strengthening its position as a Saudi mining champion with a global presence, while contributing to Saudi Vision 2030.
Wilt said: “Our focus is to increase our production capacity across the value…
"MA’ADEN" the gold sponsor of Indaba 2022 - South Africa
May 09, 2022
The Saudi Arabian Mining Company "MA’ADEN" is participating as a gold sponsor in the Investing in Africa Mining INDABA, due to be held in Cape Town, South Africa, between 9-12 May.
MA’ADEN participation includes a pavilion at the exhibition a side with several international mining companies. The pavilion will demonstrate MA’ADEN’s contribution to the mining sector and outlines its objectives towards becoming a global Saudi mining champion and a sustainable contributor to the realization of Saudi Arabia’s Vision 2030.
MA’ADEN will also sponsor a Saudi Night hosted by the Ministry of Industry and Mineral Resources, focusing on the Kingdom’s mining…
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…