13/01/2026 Argaam Exclusive
AI Summary
Shares of Saudi Arabian Mining Co. (Maaden) hit their highest price since listing during the session today, Jan. 13, at SAR 70.
The stock rose 2%, with around 1.5 million shares exchanged so far.
The company announced on Jan. 12 the addition of 7.8 million ounces of resources across four main sites, including operating mines and early-stage discoveries.
| Year High (SAR) | Year Low (SAR) |
| 70.00 | 37.85 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 70.00 | 3.30 |
With today’s gains, the stock has leapt 40% year to date (YTD).
| Open | 69.95 |
| Low | 67.50 |
| High | 70.00 |
| Previous Close | 67.50 |
| Change (3M) | 0.97 % |
| Change (6M) | 21.40 % |
| Market Value | 270,074.38 |
| Avg. Volume (3M) | 1,477,501.79 |
| Avg. Turnover (3M) | 91,898,154.41 |
| Avg. Transaction (3M) | 5,092.47 |
| Change(12M) | 40.63 % |
| YTD | 10.75 % |
Since its listing, the company 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) | 269,880.21 |
| Shares Outstanding ((M)) | 3,888.76 |
| EPS ( ) (TTM) | 1.45 |
| Book Value (BV) ( Riyal) (Latest announcement) | 15.73 |
| Recurring P/E | 38.47 |
| Price/book | 4.51 |
| 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) | 298,728.33 |
| EV/adj EBITDA | 20.13 |
| EV/Revenues | 7.88 |
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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