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…
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…