Maaden

Maaden, formally identified on its website as Saudi Arabian Mining Company (Maaden), is a Saudi mining and metals company established by royal decree in 1997. The company describes its purpose as unlocking Saudi Arabia’s mineral wealth and developing a world-leading mining sector in the Kingdom. It presents mining as a contributor to Saudi Vision 2030 and to the development of the Saudi economy. The company’s stated portfolio spans phosphates, aluminium, gold and copper. Its history page describes a footprint of 17 operating sites, more than 6,800 team members and exports to over 30 countries. Its activities therefore extend beyond domestic production to international markets, although the supplied material does not identify individual destination countries or provide a detailed breakdown of its sales. Maaden says it is backed by the Kingdom’s Public Investment Fund (PIF) and guided by a 2040 Strategy. Its official account characterizes it as the largest multi-commodity mining and metals company in the Middle East and one of the world’s fastest-growing mining companies. The supplied timeline records its shares being floated on Tadawul in 2008. The material does not specify its current shareholding structure, senior executives, or a ticker symbol.

Maaden says its journey began in 1997, when it was established by royal decree and opened its first gold mine, Mahd Al Dhahab. The company frames this beginning as part of a longer effort to develop Saudi Arabia’s mineral resources and build a domestic mining sector. In 2003, it launched operations at the Bulghah gold mine, expanding its presence in precious-metals production. A major step into phosphate and fertilizer markets followed in 2007, when Maaden established Maaden Phosphate Company in partnership with SABIC. The company’s timeline describes this partnership as an early contribution to Saudi Arabia’s role in global fertilizer markets. In 2008, Maaden floated shares on Tadawul, which its account presents as a move that invited public investment and began a new phase of growth and innovation. Maaden extended its industrial portfolio into aluminium in 2009 by establishing Maaden Aluminium Company in partnership with Alcoa. The company describes the venture as the region’s first fully integrated aluminium complex. In 2011, its ammonia plant began commercial production, adding activity in downstream industries. In 2013, Maaden established Maaden Wa’ad Al Shamal Phosphate Company with Mosaic and SABIC, a further expansion of its phosphate ambitions. The supplied timeline begins an entry for 2014 concerning the launch of Barrick Copper Company, but the entry is cut off. No additional details about that event are included here. The company’s current story page describes a portfolio across phosphates, aluminium, gold and copper, with 17 operating sites, more than 6,800 team members and exports to over 30 countries. It says Maaden is backed by PIF and guided by a 2040 Strategy. The company positions its present-day expansion within Saudi Vision 2030 and its stated ambition to help make mining a third pillar of the Saudi economy. The source material does not provide further dated developments beyond the visible timeline entries.

• 2014

  Timeline mentions the launch of Barrick Copper Company; the supplied entry is truncated

• 2013

  Established Maaden Wa’ad Al Shamal Phosphate Company with Mosaic and SABIC

• 2011

  Maaden ammonia plant began commercial production

• 2009

  Established Maaden Aluminium Company with Alcoa

• 2008

  Shares floated on Tadawul

• 2007

  Established Maaden Phosphate Company in partnership with SABIC

• 2003

  Bulgah gold mine operations launched

• 1997

  Established by royal decree; opened Mahd Al Dhahab gold mine

A Saudi multi-commodity mining and metals company that presents its growth as part of Saudi Vision 2030 and the development of a globally significant mining sector; it is also described as the national champion of the Saudi mining sector.

• Phosphates

  A stated portfolio area, including phosphate-company ventures and fertilizer-market activities.

• Aluminium

  A stated portfolio area; Maaden Aluminium Company was established with Alcoa in 2009.

• Gold

  A stated portfolio area; the company’s timeline identifies Mahd Al Dhahab and Bulghah gold-mine milestones.

• Copper

  A stated portfolio area; the supplied timeline begins a 2014 entry mentioning Barrick Copper Company.

• 2022-01-23

  Ma’aden appoints Robert Wilt as CEO[3]Ma’aden任命Robert Wilt为首席执行官arabnews.com

  Reported: 2022-01-23

  Saudi Arabian Mining Co. (Ma’aden) appointed Robert Wilt as its new chief executive officer. The appointment ended Abdulaziz Al-Harbi’s tenure as CEO, and he became deputy CEO.

1. 1Saudi Arabian Mining Company (Maaden) - Leading Mining & Metals Companymaaden.com
2. 2Saudi Arabian Mining Company (Maaden) - Leading Mining & Metals Company — Our Storymaaden.com
3. 3Ma’aden任命Robert Wilt为首席执行官arabnews.com