Maaden (company)
Saudi mining company
From Wikipedia, the free encyclopedia
Maaden (stylized MAADEN; Arabic: معادن), also known as the Saudi Arabian Mining Co., is a Saudi state-owned mining company headquartered in Riyadh. It was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the development of Saudi Arabia's mineral resources. The Saudi government still owns 50% of its shares while the remaining 50% are listed in Tadawul (Stock Market). It is the largest mining company in Saudi Arabia.
 | |
| Type | Public (mostly state-owned) |
|---|---|
| Tadawul: 1211 | |
| ISIN | SA123GA0ITH7 |
| Industry | Exploration of mining sites, Gold, world-class phosphate, aluminium, industrial minerals and copper concentrate operations. |
| Founded | March 23, 1997 |
| Headquarters | Riyadh, Saudi Arabia |
Key people | Chairman: H.E. Yasir Bin Othman Al-Rumayyan President, CEO: Robert Wilt (Bob) |
| Products | Gold, Silver, Phosphate, Aluminum, Base metals |
| Revenue | 26,769 billion SAR (2021)[1] |
| Total assets | 97,657,597,000 Saudi riyal (2019) |
| Owner | Public Investment Fund |
Number of employees | +8000 (2021) |
| Website | www |
Saudi Arabian Mining Company was ranked 24th on Forbes Middle East's Top 100 Listed Companies 2025 list.[2]
Corporate and subsidiaries
On 20 December 2009, Ma'aden signed an agreement with US aluminium giant Alcoa to build a $10.8 billion aluminium complex. Under the agreement, the two firms will build a 1.8 million tonnes per year aluminium refinery and a 750,000 tonnes per year smelter in Ras Al-Zour.[3] The smelter is slated to start production in 2013 while the refinery would come online in 2014.[4]
The company was primarily focused on developing the Kingdom's gold mining operations. Ras Al-Khair's complex includes a diammonium phosphate plant, an alumina refinery, smelter and rolling mill associated with the Alco joint venture, and links by rail to the phosphate mine in Waad Al-Shamal.[5]
Ma'aden Corporate (HQ): Based in Riyadh.
- Ma'aden Gold Company: based in Jeddah, Gold and base metals.[6]
- Ma'aden Phosphate Company: based in Ras Al-Khair, phosphate industry, with joint venture partner SABIC.[7]
- Ma'aden Aluminum Company: based in Ras Al-Khair, aluminum industry, with joint venture partner Alcoa.[8]
- Ma'aden Rolling Company
- Ma'aden Smelter Company
- Ma'aden Mining and Refinery Company
- Ma'aden Infrastructures Company: based in Ras Al-Khair, Housing.[9]
- Ma'aden Industrial Minerals Company: Based in Jeddah.
- Magnesite Projects: Based in Medina
- Zinc and Copper Projects
Ma'aden projects
Ma'aden's projects are currently developing or operating at the following sites in Saudi Arabia:[10]
Al Jalamid - The Phosphate Project
Ras AZ-Zour (Ras Al Khair) - The Phosphate and Aluminium Projects
Az Zabirah - The Aluminium and Industrial Minerals Projects
Zarghat - Industrial Minerals Project
Mahd ad Dahab - Gold and Base Metals
Sukhaybarat - Gold and Base Metals
Bulghah - Gold and Base Metals
Al Hajar - Gold and Base Metals (Closed)
As Suoq - Gold and Base Metals
Ad Duwayhi - Gold and Base Metals
Al Amar - Gold and Base Metals
Mansourah Masarrah - Gold and Base Metals
