Company Insights Ma’aden Mining Ma’aden Overview Established by royal decree in 1997, Saudi Arabia’s state-owned mining company Ma’aden is among the fastest-growing mining companies in the world and the largest such business in the Middle East. Also known as Saudi Arabian Mining Company, Ma’aden is among the world’s top 10 mining companies, based on its market capitalisation. Ma’aden is 67 percent owned by the Public Investment Fund, the kingdom’s sovereign wealth fund. Founded with an aim of developing the kingdom’s minerals sector, initially as a gold miner, it was wholly state-owned until 2008, when half of its shares were floated on the Saudi stock exchange, Tadawul. In 2018, Saudi Arabia’s Public Investment Fund increased its stake to 65.44 percent. Ma’aden exports to more than 30 countries and operates 17 mines. This includes a a mining hub at Ras Al-Khair and a mining city Wa’ad Al Shamal. The company has a number of joint ventures and subsidiaries. Ma’aden Ammonia produces ammonia. Ma’aden Phosphate Company is a joint venture with Saudi chemical manufacturing company Sabic. Ma’aden Aluminium Company is a joint venture to produce aluminium with US giant Alcoa. Wa’ad Al Shamal Ma’aden Phosphate Company is a joint venture to produce phosphate with US fertiliser company Mosaic and Sabic. Ma’aden Barrick Copper Company is a joint venture to produce copper with Canadian miner Barrick. Manara Metals is a joint venture with the PIF to invest in global mining assets. In 2019, Ma’aden bought Mauritius-based fertiliser company Meridian Group, its first international acquisition. Ma’aden News Analysis Petrochemicals Trump’s China tariffs give relief to Saudi petrochems Saudi Arabia’s beleaguered petrochemicals industry, especially those that rely on propane gas to make their products, has received some welcome relief from an unexpected source: President Donald Trump and his trade tariffs on China. Trump’s first notable tariff moves against China – the world’s largest importer of propane – came in February. Beijing, which had […] May 21, 2025 Mining Ma’aden’s profit up by half as commodity prices rise Earnings at Ma’aden, the Saudi Arabian Mining Company, surged by more than half in the first quarter of 2025, supported by growing sales and higher prices. Net profit for the quarter rose 58 percent year on year to SAR1.5 billion ($400 million), the company said in a filing to the Saudi stock exchange. Higher share […] May 7, 2025 Mining Ma’aden seeks foreign partner for rare earth processing Saudi Arabia’s flagship mining company Ma’aden is considering choosing at least one of four foreign companies to form a rare earths processing partnership, three sources with knowledge of the matter said, as the kingdom bids to become a global critical minerals hub. Ma’aden is weighing a partnership with US-based MP Materials, China’s Shenghe Resources, Australia’s Lynas […] April 8, 2025 Analysis Mining Tech may find Saudi Arabia’s mineral wealth but mining will take years The rocky hills of western Saudi Arabia hide huge wealth, prospectors insist. The crags and crevices are part of the Arabian-Nubian Shield, an exposed Precambrian rock formation which runs from the west of the kingdom across the Red Sea to eastern Egypt and Sudan. The government estimates total mineral wealth at $2.5 trillion, more than […] April 1, 2025 Editor's Insight Economy Bahrain at a crossroads: Economic challenges loom The nodding donkeys in Awali, where oil was first discovered in the centre of Bahrain in 1932, are museum pieces now. The government is pushing for the surrounding oil settlement, an unreconstructed mid-twentieth century company town complete with cricket pitch, pub and church, to be listed by Unesco as a world heritage site. To the north […] March 28, 2025 Mining Gulf investors in talks to buy stake in US copper project Middle East investors are in talks with HudBay Minerals to buy a stake of as much as 30 percent in the Canadian company’s US copper project, a news report said. The stake sale in HudBay Mineral’s flagship Copper World project in Arizona has drawn interest from investors in Saudi Arabia, the UAE and Japan, Bloomberg […] March 21, 2025 Mining Ma’aden to invest billions after profit surge The Saudi state mining company Ma’aden is looking to invest between SAR8.6 billion and SAR10.6 billion ($2.3 billion to $2.8 billion) this year as profits bounce back after a three-year low. It announced an 82 percent year-on-year increase in profits for 2024 to reach SAR2.87 billion, according to a disclosure made to the Saudi Stock […] March 7, 2025 Mining Saudi Arabia turns to recycling to enhance mineral recovery As part of its push to make mineral mining a pillar of its otherwise hydrocarbon-dominated economy, Saudi Arabia is investigating how to increase extraction by recycling mining waste. This is providing a valuable opportunity for local startups and US technology companies. Since the start of the year, several startups in the critical minerals and rare […] February 28, 2025 Mining Ma’aden aims to be world’s most valuable mining company Saudi Arabia’s majority state-owned Ma’aden aims to grow ten-fold by 2040 to become the world’s most valuable mining company by market capitalisation, its CEO said. The country is accelerating development of its copper and other mineral resources, estimated to be worth as much as $2.5 trillion. “I can tell you, the minerals are here,” Ma’aden […] February 12, 2025 Banking and Finance Ma’aden’s $1bn sukuk nine times over-subscribed Saudi state-owned mining company Ma’aden has sold $1.25 billion of dollar-denominated sukuk to help finance a $12 billion expansion plan. The sale was more than nine times oversubscribed, the company said. The sale, which closed on Sunday, “marks a key milestone in Ma’aden’s ambitious 2040 strategy to secure essential minerals and transform mining into the […] February 10, 2025 Posts navigation 1 2 … 8 Next
Analysis Petrochemicals Trump’s China tariffs give relief to Saudi petrochems Saudi Arabia’s beleaguered petrochemicals industry, especially those that rely on propane gas to make their products, has received some welcome relief from an unexpected source: President Donald Trump and his trade tariffs on China. Trump’s first notable tariff moves against China – the world’s largest importer of propane – came in February. Beijing, which had […] May 21, 2025
Mining Ma’aden’s profit up by half as commodity prices rise Earnings at Ma’aden, the Saudi Arabian Mining Company, surged by more than half in the first quarter of 2025, supported by growing sales and higher prices. Net profit for the quarter rose 58 percent year on year to SAR1.5 billion ($400 million), the company said in a filing to the Saudi stock exchange. Higher share […] May 7, 2025
Mining Ma’aden seeks foreign partner for rare earth processing Saudi Arabia’s flagship mining company Ma’aden is considering choosing at least one of four foreign companies to form a rare earths processing partnership, three sources with knowledge of the matter said, as the kingdom bids to become a global critical minerals hub. Ma’aden is weighing a partnership with US-based MP Materials, China’s Shenghe Resources, Australia’s Lynas […] April 8, 2025
Analysis Mining Tech may find Saudi Arabia’s mineral wealth but mining will take years The rocky hills of western Saudi Arabia hide huge wealth, prospectors insist. The crags and crevices are part of the Arabian-Nubian Shield, an exposed Precambrian rock formation which runs from the west of the kingdom across the Red Sea to eastern Egypt and Sudan. The government estimates total mineral wealth at $2.5 trillion, more than […] April 1, 2025
Editor's Insight Economy Bahrain at a crossroads: Economic challenges loom The nodding donkeys in Awali, where oil was first discovered in the centre of Bahrain in 1932, are museum pieces now. The government is pushing for the surrounding oil settlement, an unreconstructed mid-twentieth century company town complete with cricket pitch, pub and church, to be listed by Unesco as a world heritage site. To the north […] March 28, 2025
Mining Gulf investors in talks to buy stake in US copper project Middle East investors are in talks with HudBay Minerals to buy a stake of as much as 30 percent in the Canadian company’s US copper project, a news report said. The stake sale in HudBay Mineral’s flagship Copper World project in Arizona has drawn interest from investors in Saudi Arabia, the UAE and Japan, Bloomberg […] March 21, 2025
Mining Ma’aden to invest billions after profit surge The Saudi state mining company Ma’aden is looking to invest between SAR8.6 billion and SAR10.6 billion ($2.3 billion to $2.8 billion) this year as profits bounce back after a three-year low. It announced an 82 percent year-on-year increase in profits for 2024 to reach SAR2.87 billion, according to a disclosure made to the Saudi Stock […] March 7, 2025
Mining Saudi Arabia turns to recycling to enhance mineral recovery As part of its push to make mineral mining a pillar of its otherwise hydrocarbon-dominated economy, Saudi Arabia is investigating how to increase extraction by recycling mining waste. This is providing a valuable opportunity for local startups and US technology companies. Since the start of the year, several startups in the critical minerals and rare […] February 28, 2025
Mining Ma’aden aims to be world’s most valuable mining company Saudi Arabia’s majority state-owned Ma’aden aims to grow ten-fold by 2040 to become the world’s most valuable mining company by market capitalisation, its CEO said. The country is accelerating development of its copper and other mineral resources, estimated to be worth as much as $2.5 trillion. “I can tell you, the minerals are here,” Ma’aden […] February 12, 2025
Banking and Finance Ma’aden’s $1bn sukuk nine times over-subscribed Saudi state-owned mining company Ma’aden has sold $1.25 billion of dollar-denominated sukuk to help finance a $12 billion expansion plan. The sale was more than nine times oversubscribed, the company said. The sale, which closed on Sunday, “marks a key milestone in Ma’aden’s ambitious 2040 strategy to secure essential minerals and transform mining into the […] February 10, 2025
