Saudi Arabian Mining Co (MAADEN) News - Mubasher Info
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09 June 05:02 PM

Saudi Arabian Mining Co (1211.B)

Last update: 15 January 03:00 PM market time.
70.80
-0.70
-0.98%
Open 70.80
Previous Close 71.50
High 70.80
Low 70.80
Stock Statistics
Volume 5,773
Turnover 408,728.40
All data are 15 minutes late during market session

News

Revenue for the last year came in at SAR 18.58 billion.
3 February 2021 09:28 AM Ma'aden narrows losses by 71.7% in 2020
Riyadh – Mubasher: The net losses of the Saudi Arabian Mining Company (Ma'aden) declined by 71.7% in 2020 to SAR 208.98 million, from SAR 739.5 million in 2019. The decrease in the annual net loss was helped by a higher sales volume of all …
Cash Dividends
Photo Archive
30 December 2020 01:12 PM Ma'aden to provide phosphate fertilisers to Bangladesh
Riyadh – Mubasher: The Saudi Arabian Mining Company (Ma'aden) signed an agreement with the Bangladeshi Agricultural Development Corporation to provide Di-ammonium phosphate fertilisers during 2021, state-run Saudi Press Agency (SPA) said on …
Companies Investments
The subsidiary will reschedule SAR 6.7 billion to the PIF
21 June 2020 00:15 PM Ma’aden’s unit signs SAR 15.3bn finance deal
Riyadh – Mubasher: Ma’aden Wa’ad Al Shamal Phosphate Company, a 60% subsidiary of Saudi Arabian Mining Company (Ma’aden), has signed agreements with a group of lenders to refinance and reschedule debt worth SAR 15.3 billion ($4.1 billion). The …
Banking and Finance
Photo Archive
16 March 2020 11:55 AM Ma’aden appoints new CEO
Riyadh – Mubasher: The board of Saudi Arabian Mining Company (Ma’aden) has appointed Mosaed Bin Suleiman Al Ohali as the company’s CEO. The decision is effective starting from the beginning of April 2020, according to the company’s statement to …
Management Decisions
Maaden reported better-than-expected top-line
11 February 2020 07:57 PM Al Rajhi Capital sets Maaden’s TP at SAR 41/share
Riyadh – Mubasher: Al Rajhi Capital Research has set the target price (TP) of the Saudi Arabian Mining Company (Maaden) at SAR 41 per share. The research company revised its recommendation for the company to ‘Neutral’ from ‘Underweight’, according …
Stock Evaluations
Photo Archive
30 January 2020 06:04 PM Maaden turns to losses in 2019
Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden) reported SAR 739.46 million in net losses during 2019, against a net profit of around SAR 1.85 billion in 2018, as shown by the company’s annual financial results. Turning to losses resulted …
Board of Directors
The proposal will allow Maaden to complete projects
30 January 2020 05:12 PM Maaden’s board proposes non-distribution of dividends for 2019
Riyadh – Mubasher: Saudi Arabian Mining Company’s (Maaden) board has recommended non-distribution of cash dividends for the full year 2019. The board justified its proposal on the ground that it will allow the company to continue the completion of …
Board of Directors
Photo Archive
20 November 2019 00:14 PM Savola tops Tadawul-listed firms turning profitable in Q3
By: Thabet Shehata Riyadh – Mubasher: The financial statements for the third quarter (Q3) of 2019 showed that 25 companies listed on the Saudi Stock Exchange (Tadawul) turned to profits between June and September, achieving SAR 711 million, …
Financial Results
The issuance will be priced at SAR 48.08 per share
5 November 2019 11:33 AM Ma’aden approves capital hike by converting debt to shares
Riyadh – Mubasher: The extraordinary general assembly meeting (EGM) of the Saudi Arabian Mining Company (Ma’aden) has approved raising the company’s capital through the conversion of its debt to the Public Investment Fund (PIF) to new shares. A …
Corporate Actions
The company swung to losses recording SAR 92 million in Q3-19
22 October 2019 05:07 PM Maaden swings to losses in Q3
Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden) announced its interim financial results for the third quarter of 2019. The company swung to losses recording SAR 92 million in Q3-19, against profits of SAR 414.9 million in Q3-18, according …
Company News
The collaboration includes the exchange of advanced production practices
15 October 2019 00:36 PM Maaden, RDIF, PhosAgro to launch investments in Russia and Saudi Arabia
Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden), the Russian Direct Investment Fund (RDIF), and PhosAgro, one of the world's leading producers of phosphate-containing fertilizers, have signed a partnership to launch several projects in …
Company News
The resignation came during the board’s meeting on 28 September
29 September 2019 11:53 AM Maaden’s chairman submits his resignation
Riyadh – Mubasher: The Saudi Arabian Mining Company (Maaden) accepted the resignation of its non-executive member and the Public Investment Fund’s (PIF) representative, Khalid bin Abdulaziz Al Faleh, which was submitted on 27 September 2019 for …
Corporate Actions
The capital raise is still pending shareholder approval
29 September 2019 10:51 AM CMA nods to Maaden’s capital raise through SAR 2.99bn debt conversion
Riyadh – Mubasher: The Saudi Arabian Mining Company (Maaden) has received the Capital Market Authority’s (CMA) approval on its request to raise its capital through converting debt valued at SAR 2.99 billion. The capital raise is still …
Corporate Actions
Ma’aden Marketing has received the applicable regulatory approval to acquire 8a5% of Meridian Group
8 August 2019 04:17 PM Ma’aden’s unit abstains required approvals to acquire Meridian Group
Riyadh – Mubasher: Ma’aden Marketing and Distribution Company, which is fully owned by Saudi Arabian Mining Company (Ma’aden), has received the applicable regulatory approval to complete the transaction to acquire 8a5% of Meridian Group. The …
Mergers and Acquisitions
The company turned to losses recording SAR 243.66 million in Q2-19
22 July 2019 04:50 PM Maaden announces interim financial results for Q2
Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden) announced its interim financial statements for the second quarter of 2019. The company turned to losses recording SAR 243.66 million in Q2-19, against profits of SAR 517.76 million in Q2-18, …
Company News
Production is expected to start in the second quarter of 2022
21 July 2019 10:20 AM Maaden unit inks SAR 2bn contract with Outotec and Larsen Consortium
Riyadh – Mubasher: Maaden Gold and Base Metals Company, wholly owned by the Saudi Arabian Mining Company (Maaden), has signed a SAR 2.27 billion ($606 million) contract with Outotec and Larsen &Toubro Consortium. The 36-month contract will handle …
Companies Investments
Maaden will raise its capital through conversion of debt
11 July 2019 05:31 PM Maaden seeks CMA’s approval for capital increase
Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden) has submitted a capital increase request to the Capital Market Authority (CMA). The company will raise its capital through conversion of debt held by the Public Investment Fund, according to …
Corporate Actions
SABIC is likely to report a 48.6% profit drop in Q2
1 July 2019 05:40 PM Overview of Saudi firms' Q2 financials – Al Rajhi Capital
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) inclusion in the MSCI Emerging Markets (EM) Index has contributed to raising foreign inflows and supporting stock market valuations, Al Rajhi Capital said in a recent report.  However, the …
Stock Evaluations
Maaden’s revenue is expected to surge to SAR 18 billion
13 June 2019 03:17 PM Al Rajihi Capital levels down Maaden’s TP
Riyadh – Mubasher: Al Rajihi Capital has set the target price (TP) of Saudi Arabian Mining Company’s (Maaden) stock at SAR 45, 13.5% down from a current price of SAR 52, with 'Underweight' recommendation. The research company expected an 81.7% …
Trading Activities
The issuance proceeds will be used to finance potential acquisitions over the coming period.
27 May 2019 02:14 PM Saudi Maaden reportedly mulls rights issue worth $5bn
Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden), with a 65% stake owned by the kingdom's sovereign investor Public Investment Fund (PIF), reportedly plans to raise as much as $5 billion via a rights offering, people familiar with the …
Initial Public Offerings
MSCI Inc said the stocks of 30 Saudi firms will be added
14 May 2019 09:59 AM MSCI adds 30 Saudi companies to EM Index
Riyadh – Mubasher: MSCI Inc. has added the MSCI Saudi Arabia index to its emerging-markets index (EM Index), according to MSCI’s semi-annual index review. The US-based index compiler said the stocks of 30 Saudi firms will be added, accounting for …
Trading Activities
The total cost of project stands at SAR 3.3 billion ($880 million)
30 April 2019 00:04 PM Ma’aden’s unit wins SAR 2.2bn contract to build gold factory
Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) said that its 100% subsidiary Ma’aden Gold and Base Metals Co has been awarded a SAR 2.27 billion ($606 million) contract to set up the Mansourah Massarah gold mine factory. The deal …
Companies Investments
The Saudi firm posted net losses of SAR 252.92 million in Q1-19
22 April 2019 04:54 PM Ma’aden turns to losses in Q1
Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) reported turning to losses in the first quarter of 2019. The Saudi firm posted net losses of SAR 252.92 million in Q1-19, against a net profit of SAR 753.84 million in the year-ago period, …
Financial Results
The transaction is expected to be completed in the third quarter of 2019
18 April 2019 01:16 PM Ma’aden’s unit acquires 85% in Meridian Group
Riyadh – Mubasher: Maaden Marketing and Distribution, a wholly-owned subsidiary of Saudi Arabian Mining Company (Ma’aden), has signed an agreement to acquire a 85% stake of Mauritius-based Meridian Group. The deal enables Ma’aden’s unit to submit …
Mergers and Acquisitions
Ma’aden’s profits skyrockets 159% to SAR 1.85bn in 2018
24 January 2019 04:57 PM Ma’aden’s profits skyrocket 159% to SAR 1.85bn in 2018
Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) on Thursday reported a 158.5% year-on-year leap in net profits for the full year 2018. Ma’aden’s net profits after calculating Zakat and Tax reached SAR 1.85 billion ($490 million) from …
Financial Results