Saudi Arabian Mining Co.
TTADAWUL:121155.90
SAR
-2.90
(-4.93%)
ISIN
SA123GA0ITH7
Return %
Stock
S&P 500
1Y
-12.18
14.20
3Y
44.07
81.12
5Y
89.06
68.34
Capital Structure
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- CEO
- Robert Wilt
- Full Time Employees
- 7,197
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- PO Box 68861 Riyadh Riyadh Province Saudi Arabia 11537
- IPO Date
- Jul 5, 2008
- Website
- maaden.com.sa
- Similar Companies
- Business
- Saudi Arabian Mining Company (Ma'aden) operates as a leading multi-commodity mining and metals company based in Riyadh, Saudi Arabia, founded in 1997. It offers a broad range of core products and services including phosphate fertilizers; gold mining and refining; aluminum production including bauxite mining, alumina refining, and aluminum smelting; industrial minerals; and other metals exploration and development. Its operations span the Kingdom of Saudi Arabia with expanding global market engagements. Recent major developments include the full acquisition of Alcoa's 25.1% stake in Maaden Aluminum Company (MAC) and Maaden Bauxite and Alumina Company (MBAC) completed in July 2025, giving Maaden full ownership of its aluminum assets and enhancing operational control. In addition, Maaden completed a $1.5 billion acquisition of Mosaic Phosphate Company’s 25% stake in Maaden Wa'ad Al Shamal Phosphate Company, strengthening its phosphate sector position and global marketing capabilities. The company is advancing the Phosphate 3 project, which reached 50% completion in 2025 and is on schedule for 2027 production, alongside the awarding of a major Engineering, Procurement and Construction Management (EPCM) contract to Bechtel for the Ar Rjum gold mine project, part of its plan to double gold production by 2030. Maaden has also entered into a binding term sheet with MP Materials Corp to develop a rare earth refinery, forming a strategic partnership that supports Saudi Arabia’s mining-industrial expansion. Maaden remains focused on expanding its mining portfolio, boosting production capacity in high-margin segments like gold and phosphate, and exploring new mineral licenses in Saudi Arabia’s Arabian Shield region. It operates under the majority ownership of the Public Investment Fund (PIF) of Saudi Arabia and is a key national mining champion playing a strategic role in diversifying the Kingdom’s economy beyond oil, targeting global markets in fertilizers, metals, and minerals. This comprehensive operational and strategic expansion underpins Maaden’s positioning as the Middle East’s largest mining company and one of the fastest-growing mining entities worldwide. It continues to strengthen its upstream and downstream capabilities in minerals and metals production while pursuing sustainability and value creation aligned with Saudi Vision 2030.