13/01/2026 Argaam Exclusive
AI Summary
Shares of Saudi Arabian Mining Co. (Maaden) rose 5% to close at SAR 70.80 today, Jan. 13, their highest price since listing.
The company announced, on Jan. 12, the addition of 7.8 million ounces of resources across four key sites, including operating mines and early-stage discoveries.
| Year High (SAR) | Year Low (SAR) |
| 70.80 | 37.85 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 70.80 | 3.30 |
With today’s gains, the stock has increased 40% year to date (YTD).
| Open | 69.00 |
| Low | 69.00 |
| High | 70.00 |
| Previous Close | 69.50 |
| Change (3M) | 22.12 % |
| Change (6M) | 22.99 % |
| Market Value | 270,463.26 |
| Avg. Volume (3M) | 2,061,848.41 |
| Avg. Turnover (3M) | 146,490,426.25 |
| Avg. Transaction (3M) | 8,035.84 |
| Change(12M) | 51.20 % |
| YTD | 14.11 % |
Since its listing, the mining giant has carried out several capital adjustments.
| 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% |
| Financial Ratio | Current |
| Market Cap (M Riyal) | 270,463.53 |
| Shares Outstanding ((M)) | 3,888.76 |
| EPS ( ) (TTM) | 1.91 |
| Book Value (BV) ( Riyal) (Latest announcement) | 15.84 |
| Recurring P/E | 36.75 |
| Price/book | 4.39 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 6.26 |
| Return on Average Equity (%) (TTM) | 12.95 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 298,291.33 |
| EV/adj EBITDA | 19.74 |
| EV/Revenues | 7.73 |
Fair Average Price
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Sell | AlphaMena | 60.85 | 44.10 | (27.53 %) | |
| Sell | AlphaMena | 60.15 | 42.80 | (28.84 %) | |
| Buy | Goldman Sachs | 59.00 | 71.80 | 21.69 % | |
| Neutral | JP Morgan | 59.55 | 66.00 | 10.83 % | |
| Sell | AlphaMena | 61.00 | 41.80 | (31.48 %) | |
| Buy | HSBC | 62.20 | 66.00 | 6.11 % | |
| Underweight | Bank of America | 63.35 | 47.00 | (25.81 %) | |
| Neutral | Citi Bank Group | 61.30 | 65.00 | 6.04 % | |
| Buy | Goldman Sachs | 61.05 | 71.80 | 17.61 % | |
| Buy | Riyad Capital | 61.30 | 71.00 | 15.82 % | |
| Hold | U-Capital | 61.30 | 64.00 | 4.40 % | |
| Neutral | JP Morgan | 64.25 | 61.00 | (5.06 %) |
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