Maaden finishes at highest price since listing

21/09/2025 Argaam Exclusive

Shares of Saudi Arabian Mining Co. (Maaden) rose 2% today, Sept. 21, to close at the highest price since listing at SAR 58 per share.

 

CEO Robert Wilt recently said the company is pursuing a growth plan with new targets, including doubling gold output by 2030 and building a rare metals supply chain.
 
Year High (SAR) Year Low (SAR)
58.00 37.85
Highest Since Debut (SAR) Lowest Since Debut (SAR)
58.00 3.30
Chart
With today's increase, the stock's year-to-date gains reached 15%.

Market Data :

Open 74.60
Low 72.55
High 76.20
Previous Close 73.45
Change (3M) 18.10 %
Change (6M) 46.87 %
Market Value 291,851.44
Avg. Volume (3M) 2,014,855.48
Avg. Turnover (3M) 134,548,495.42
Avg. Transaction (3M) 7,508.48
Change(12M) 53.63 %
YTD 23.13 %
Overview

Maaden made several changes to its capital since listing in 2008, as indicated below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2025 Private Offering   38,887.63 2.26%
2024 Private Offering   38,027.86 3.01%
2023 Split   36,917.73 50.00%
2022 Split   24,611.82 100.00%
2019 Private Offering   12,305.91 5.32%
2014 Right Issue   11,684.78 26.32%
2008 IPO   9,250.00 100.00%
Company Action

Financial Performance :

Financial Statements

Overview :

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...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 291,851.73
Shares Outstanding ((M)) 3,888.76
EPS ( Riyal) (TTM) 1.45
Book Value (BV) ( Riyal) (Latest announcement) 15.73
Recurring P/E 41.58
Price/book 4.88
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 4.78
Return on Average Equity (%) (TTM) 10.23
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 320,699.84
EV/adj EBITDA 21.61
EV/Revenues 8.46
Ratios


Analyst Estimates :

49.32

Fair Average Price

15

Number of Recommendations

Rating Research firm Current Price Target Price Change
Sell AlphaMena 56.75 38.60 (31.98 %)
Underweight Bank of America 53.00 43.00 (18.87 %)
Buy HSBC 56.30 60.00 6.57 %
Neutral AlJazira Capital 51.45 50.60 (1.65 %)
Neutral JP Morgan 55.00 52.40 (4.73 %)
Sell AlphaMena 52.25 38.10 (27.08 %)
Hold SFC 52.85 50.00 (5.39 %)
Neutral Goldman Sachs 53.65 53.70 0.09 %
Under Review U-Capital 52.00 -
Buy Riyad Capital 52.90 65.00 22.87 %
Buy HSBC 52.30 59.00 12.81 %
Neutral Goldman Sachs 54.70 53.10 (2.93 %)
Sell Sico 53.25 42.00 (21.13 %)
Neutral Goldman Sachs 53.25 53.10 (0.28 %)
Sell AlphaMena 53.60 31.90 (40.49 %)
Estimates

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