Maaden (company)
 | |
| Type | Public (mostly state-owned) |
|---|---|
| Tadawul: 1211 | |
| ISIN | SA123GA0ITH7  |
| Industry | Exploration of mining sites, Gold, world-class phosphate, aluminium, industrial minerals and copper concentrate operations. |
| Founded | March 23, 1997 |
| Headquarters | Riyadh, Saudi Arabia |
Key people | Chairman: H.E. Yasir Bin Othman Al-Rumayyan President, CEO: Robert Wilt (Bob) |
| Products | Gold, Silver, Phosphate, Aluminum, Base metals |
| Revenue | 38,600 million SAR (2025)[1] |
| Total assets | 97,657,597,000 Saudi riyal (2019) |
| Owner | Public Investment Fund |
Number of employees | +8000 (2021) |
| Website | www |
Maʽaden (stylized MAADEN; Arabic: معادن), also known as the Saudi Arabian Mining Co., is a Saudi state-owned mining company headquartered in Riyadh. It 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. The Saudi government still owns 50% of its shares while the remaining 50% are listed in Tadawul (Stock Market). It is the largest mining company in Saudi Arabia.
Saudi Arabian Mining Company was ranked 24th on Forbes Middle East's Top 100 Listed Companies 2025 list.[2]
Corporate and subsidiaries
On 20 December 2009, Maʽaden 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.[3] The smelter is slated to start production in 2013, while the refinery would come online in 2014.[4]
The company was primarily focused on developing the Kingdom's gold-mining operations. Ras Al-Khair's complex includes a diammonium phosphate plant, an alumina refinery, smelter and rolling mill associated with the Alco joint venture, and links by rail to the phosphate mine in Waad Al-Shamal.[5]
Maʽaden Corporate (HQ): Based in Riyadh.
- Maʽaden Gold Company: based in Jeddah, Gold and base metals.[6]
- Maʽaden Phosphate Company: based in Ras Al-Khair, phosphate industry, with joint venture partner SABIC.[7]
- Maʽaden Aluminum Company: based in Ras Al-Khair, aluminum industry, with joint venture partner Alcoa.[8]
- Maʽaden Rolling Company
- Maʽaden Smelter Company
- Maʽaden Mining and Refinery Company
- Maʽaden Infrastructures Company: based in Ras Al-Khair, Housing.[9]
- Maʽaden Industrial Minerals Company: Based in Jeddah.
- Magnesite Projects: Based in Medina
- Zinc and Copper Projects
Maʽaden projects
Maʽaden's projects are currently developing or operating at the following sites in Saudi Arabia:[10]
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 (Closed)
As Suoq – Gold and Base Metals
Ad Duwayhi – Gold and Base Metals
Al Amar – Gold and Base Metals
Mansourah Masarrah – Gold and Base Metals
References
- ↑ "Maaden - Results Centre". www.maaden.com.sa.
- ↑ Mughal, Waqar. "Saudi Arabian Mining Company (Maaden)". Forbes Lists. Retrieved 2026-05-06.
- ↑ "Bechtel to Develop Ras Azzour Smelter - U.S.-Saudi Arabian Business Council". Archived from the original on 28 September 2013. Retrieved 24 September 2010.
- ↑ "Business - Saudi Maaden signs $10.8 bln deal with US Alcoa". www.khaleejtimes.com.
- ↑ Al-Naimi, Ali (2016). Out of the Desert. Great Britain: Portfolio Penguin. pp. 248–249. ISBN 9780241279250.
- ↑ "Ma'aden – Saudi Arabian Mining Company". www.maaden.com.sa. Archived from the original on May 30, 2009.
- ↑ "Maaden - Phosphate". www.maaden.com.sa.
- ↑ "Maaden - Aluminium". www.maaden.com.sa.
- ↑ "Infrastructure co". Archived from the original on June 14, 2009.
- ↑ "Ma'aden – Saudi Arabian Mining Company". www.maaden.com.sa. Archived from the original on October 13, 2009.