Saudi Arabian Mining Co (1211)

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News

6 May 2025 03:00 AM Ma’aden achieves 58% higher net profits in Q1-25; revenue soars to SAR 8.5bn

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) registered net profits of SAR 1.54 billion in the first quarter (Q1) of 2025, signaling a 57.88% surge from SAR 981.69 million in Q1-24.The earnings per share (EPS) rose to SAR 0.41 as of 31 M

Sector Reports

1 April 2025 09:51 PM Global firm EXP announces partnership with oil-focused Al Suwaiket

Riyadh – Mubasher: EXP, a global engineering, architecture, design and consulting firm has teamed with Al Suwaiket Group, a leader in supplying products and services to the oil and gas industry, for projects in Saudi Arabia. The EXP Al Suwaiket …

Global Economy

9 March 2025 00:01 PM Ma’aden logs SAR 2.8bn profits in 2024

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) posted 82.05% year-on-year (YoY) higher net profits at SAR 2.87 billion in 2024, compared to SAR 1.57 billion. Revenues increased by 11.19% YoY to SAR 32.54 billion at the end of December …

Financial Results

4 February 2025 08:01 PM Ma’aden to offer USD-denominated issuance

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) plans to issue USD-denominated trust certificates under its international trust certificate issuance programme, to be established on 4 February 2025. The issuance is expected to be through …

Companies Investments

16 January 2025 03:54 PM Saudi Arabia seen as global mining hub upon major agreements at FMF 2025

Riyadh – Mubasher: The fourth edition of the Future Minerals Forum (FMF) witnessed four strategic announcements to foster Saudi Arabia’s position as a global leader in the mining and minerals sector. In line with the Saudi Vision 2030, the …

Global Economy

15 January 2025 05:45 PM Aramco, Ma’aden announce transition minerals JV at FMF 2025

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and Saudi Arabian Mining Company (Ma’aden) signed non-binding heads of terms to form a minerals exploration and mining joint venture (JV) in Saudi Arabia. The proposed JV plans were announced …

Companies Investments

12 December 2024 05:16 PM Ma’aden’s shareholders greenlight capital hike to SAR 38bn

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Arabian Mining Company (Ma’aden) approved increasing the share capital to SAR 38.02 billion from SAR 36.91 billion. Ma’aden’s shareholders greenlighted the 3.01% capital raise on …

Management Decisions

7 November 2024 11:04 AM Ma’aden’s net profits leap 333.5% in 9M-24

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) recorded net profits amounting to SAR 2.97 billion in the first nine months (9M) of 2024, higher by 333.40% than SAR 686.92 million in 9M-23. Revenues climbed by 6.30% year-on-year (YoY) to …

Financial Results

16 September 2024 02:01 PM Ma’aden unveils new acquisition deal at SAR 4.1bn valuation

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) have entered into a share purchase and subscription agreement with Alcoa Corporation, AWA Saudi Limited, and Alcoa Saudi Smelting Inversiones S.L. Ma’aden plans to acquire Alcoa’s share in …

Mergers and Acquisitions

12 August 2024 10:38 AM Ma’aden’s profits leap to SAR 2bn in H1-24

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) posted 160.35% year-on-year (YoY) higher net profits at SAR 2 billion in the first half (H1) of 2024, compared to SAR 770.36 million. The group generated revenues valued at SAR 14.53 …

Financial Results

14 May 2024 10:22 AM Ma’aden records 134% higher profits in Q1-24; revenues down

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) achieved net profits valued at SAR 981.69 million in the first quarter (Q1) of 2024, up 134.05% from SAR 419.41 million a year earlier. Revenues declined by 8.66% year-on-year (YoY) to SAR …

Financial Results

1 May 2024 01:30 PM Ma'aden to increase capital for additional stake in Saudi JV

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) penned a deal to acquire the entire shares of Mosaic Phosphates B.V. in Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC). Ma’aden inked the share purchase and subscription agreement (SPSA) …

Mergers and Acquisitions

18 April 2024 05:02 PM Tadawul unveils SSOs contracts on Ma'aden

Riyadh – Mubasher: The Saudi Exchange (Tadawul) launched the Single Stock Options (SSOs) contracts on the Saudi Arabian Mining Company (Ma'aden). SSOs are set to be available from 21 April 2024, which will be cleared by the Securities Clearing …

Trading Activities

27 February 2024 10:57 AM Moody's Investors Service affirms credit ratings for 4 major Saudi companies

Riyadh – Mubasher: Moody's Investors Service has affirmed the 'A1' ratings of Saudi Basic Industries Corporation (SABIC), Saudi Telecom Company (stc) and Saudi Electricity Company (SEC), and the 'Baa1' rating of Saudi Arabian Mining Company …

Ratings

26 February 2024 01:40 PM Ma’aden’s net profits plummet 83% YoY in 2023

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) logged an 83.07% year-on-year (YoY) drop in net profit to SAR 1.57 billion in 2023 from SAR 9.31 billion. Revenues plunged 27.32% YoY to SAR 29.27 billion last year from SAR 40.27 billion …

Financial Results

19 November 2023 04:38 PM Ma’aden names new Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) recently appointed Yasir bin Othman Al Rumayyan as its new Chairman for a three-year term effective 25 October 2023. Ma’aden also announced Khalid bin Saleh Al Mudaifer as the Vice Chairman …

Management Decisions

31 October 2023 01:42 PM Ma’aden registers 92% plunge in 9M-23 net profits, turns to loss in Q3

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) witnessed an annual decline of 91.73% in net profit after Zakat and tax to SAR 686.92 million during the first nine months (9M) of 2023, compared with SAR 8.30 billion. The earnings per …

Financial Results

24 October 2023 01:29 PM Listed entities among FII7 conference’s global strategic partners

Riyadh – Mubasher: A group of 23 strategic partners are supporting the programmes and mission of the Future Investment Initiative (FII) conference in its seventh edition that launched in Riyadh on 24 October 2023, according to a press release. …

Global Economy

14 August 2023 08:47 AM Ma’aden records 87.5% drop in H1-23 net profits

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) achieved net profits after Zakat and tax worth SAR 770.36 million in the first half (H1) of 2023, marking an 87.57% year-on-year (YoY) plunge from SAR 6.20 billion. Revenues declined by …

Financial Results

13 July 2023 11:11 AM Ma’aden completes stake acquisition of Ivanhoe; new JV announced

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) has acquired a 9.90% equity ownership in US-based firm Ivanhoe Electric Inc., according to a bourse disclosure. Under the heads of terms agreement that was signed last May, the two entities …

Companies Investments

9 July 2023 04:43 PM Ma’aden deposits proceeds from fractional shares sale

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) deposited the proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse filing. The number of sold shares is 5,321, while the fractional …

Companies Investments

2 July 2023 05:42 PM Gas Arabian Services receives order from Ma’aden for Aramco’s station

Riyadh – Mubasher: Gas Arabian Services Company has received a purchase order from Saudi Arabian Mining Company (Ma’aden) to upgrade the gas metering station of Saudi Arabian Oil Company (Aramco). The contract value stands at SAR 38.65 million, …

Companies Investments

8 June 2023 03:25 PM Ma’aden announces SAR 12.3bn capital increase via bonus shares

Riyadh – Mubasher: The shareholders of Saudi Arabian Mining Company (Ma’aden) greenlighted a 50% capital raise to SAR 36.91 billion from SAR 24.61 billion by granting one bonus share for every two shares. Ma’aden will capitalise SAR 12.30 billion …

Corporate Actions

22 May 2023 01:10 PM Ma’aden’s net profits shrink to SAR 419.5m in Q1-23

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) posted 80.69% lower net profits after Zakat and tax at SAR 419.41 million in the first quarter (Q1) of 2023, versus SAR 2.17 billion in Q1-22. Ma’aden achieved revenues amounting to SAR …

Financial Results

16 April 2023 02:25 PM CMA approves capital increase for 2 listed mining companies

Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) passed the requests of Saudi Arabian Mining Company (Ma’aden) and Almasane Alkobra Mining Company (Amak) to raise their capital by issuing bonus shares. Ma’aden aims to increase its …

Management Decisions