The company operates in the gold, industrial metals, aluminum and phosphate production sectors.
Maaden was formed by Royal Decree in 1997 as a state-owned company to facilitate the development of Saudi Arabia's mineral resources. In 2008, the company listed 50 percent of its shares on the Saudi Stock Exchange (Tadawul).
The company conducts its business through three divisions: Phosphates, Aluminum and Precious Metals, and Base Metals.
Its activities are focused on gold mining from several mines throughout Saudi Arabia; i.e. Mahd Ad Dahab, Bulghah, Sukhaybarat, Al Amar, As-Suq and Ad Duwayhi mines.
Maaden has expanded its activities to cover phosphate. In 2007, it founded Maaden's Phosphate as a joint venture with SABIC, the leading Saudi petrochemicals company; then founded Waad Al-Shamal’s Phosphate project in partnership with SABIC and Mosaic, the world’s largest fertilizer producer.
Maaden also founded Maaden’s Aluminum Project, a partnership with Canada’s Alcoa. The project started production in 2014.
Maaden added another segment to its portfolio in 2014, by acquiring a copper project in Jabal Sayd in partnership with Barrick Gold Corporation of Canada.
|Ownership Type:||Joint Stock|
|Phone||+966 11 8748123|
|Fax||+966 11 8748132|
|Address||Abu Bakr Al Siddiq street - Riyadh 11537|
|Total Shareholders' Equity||27,902.73||26,097.52||25,342.01||27,298.41||26,693.23|
|No. of Employees||-||7,516.00||7,134.00||7,125.00||6,149.00||5,763.00||4,366.00||3,020.00||2,372.00||1,589.00||-||-||-|
|No. of Branches||-||-||-||-||-||-||-||-||-||-||-||-||-|
|Stock Market :||TASI|
|Fiscal Year End :||December|
|Free Float (M) :||403.84|
|Free Float % :||34.56|
|Weight in Index % :||2.00|
|3M Average Volume :||1,429,030.42|
|3M Average Transactions :||1,573.19|
|Foreign Ownership :||-|
|Name||Number of Shares (M)||Holding|
|Public Investment Fund||764.54||65.43 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|
|Ma'aden Marketing & Distribution||Saudi Arabia||100.00 %|
|MIC||Saudi Arabia||100.00 %|
|IMC||Saudi Arabia||100.00 %|
|MRC||Saudi Arabia||100.00 %|
|MGBM||Saudi Arabia||100.00 %|
|MBAC||Saudi Arabia||74.90 %|
|MAC||Saudi Arabia||74.90 %|
|MPC||Saudi Arabia||70.00 %|
|MWSPC||Saudi Arabia||60.00 %|
|Maaden Barrick Copper||Saudi Arabia||50.00 %|
|SAMAPCO||Saudi Arabia||50.00 %|