Revenue 221 Million SAR (2008) Headquarters Riyadh, Saudi Arabia Founded 1997 | Website www.maaden.com.sa Number of employees 2,000 (2009) | |
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Type Government-owned corporation of the Kingdom of Saudi Arabia Industry Exploration of mining sites, Gold and Metals mining, Infrastructure, Other Key people Khalid Saleh Al-Mudaifer:
President, CEO
Abdullah Al-Saif:
Chairman Products Gold, Silver, Phosphate, Aluminum, Base metals Stock price 1211 (TADAWUL) SAR 39.80 +0.10 (+0.25%)16 Mar, 3:00 PM GMT+3 - Disclaimer CEO Khalid Bin Saleh Al Mudaifer (25 Oct 2011–) Subsidiaries Maaden Industrial Minerals Company Profiles | ||
MA'ADEN (Saudi Arabian Mining Co.) is a diversified mining company, active in gold base metals mining and infrastructure industry. Ma'aden 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. It is the largest mining company in Saudi Arabia. The Saudi government still owns 50% of its shares while the remaining 50% are listed in Tadawul (Stock Market). The company is structured with corporate headquarters based in Riyadh with several subsidiaries.
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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. The smelter is slated to start production in 2013 while the refinery would come online in 2014.
Corporate and subsidiaries
Ma'aden Corporate (HQ): Based in Riyadh.
Ma'aden projects
Ma'aden’s projects are currently developing or operating at the following sites in Saudi Arabia:
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
Al Amar - Gold and Base Metals