Saudi Arabian Mining Co (1211)

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News

25 October 2018 10:04 AM Ma’aden’s Q3 profit leaps 98%

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) on Thursday reported a 97.5% year-on-year profit surge in the third quarter of 2018, boosted by higher sales. Ma’aden logged a profit of SAR 518.79 million ($138.31 million) during the …

Financial Results

22 October 2018 05:05 PM Saudi Ma’aden inks SAR 3.35bn deal for new ammonia plant

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) on Monday announced signing a deal to build its third ammonia plant at a value of SAR 3.35 billion ($892 million). The deal signed with Daelim Industrial and Saudi Daelim Limited comes as …

Companies Investments

31 July 2018 01:03 PM Nasdaq Dubai to launch equity futures for 12 Saudi firms in September

Riyadh – Mubasher: Nasdaq Dubai on Tuesday has said that it will launch equity futures for 12 Saudi companies in September. The firms include the Saudi Basic Industries Corporation (SABIC), Kayan Petrochemical Company, Saudi Electricity Company …

Corporate Actions

26 July 2018 10:54 AM Ma’aden logs SAR 518m profit in Q2

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) on Thursday posted a 45.25% year-on-year surge in net profits during the second quarter of 2018. Ma’aden’s profits amounted to SAR 517.76 million during the period between April and June, …

Financial Results

19 July 2018 00:09 PM Ma’aden, GE ink deal to boost mining sector’s digital solutions

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) on Thursday announced siging a memorandum of understanding (MoU) with US conglomerate General Electric (GE) to consider the means of supporting digital transformation in the kingdom's …

Companies Investments

17 July 2018 02:44 PM Ma’aden’s unit amends financing deals’ procedures, replaces existing loans

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) on Tuesday has announced that its subsidiary Maaden Bauxite and Alumina Company (MBAC) completed amending procedures for existing loan which worth SAR 3.75 billion ($1 billion) with Public …

Companies Investments

3 May 2018 10:05 AM Saudi Ma’aden posts SAR 638.16m profit in Q1

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) on Thursday reported a 131.6% surge in net profits during the first quarter of 2018, compared to the year-ago period. Ma’aden generated a net profit of SAR 638.16 million in the three-month …

Financial Results

23 March 2018 05:38 PM Ma’aden seeks $1bn finances

Riyadh - Mubasher: Saudi Arabian Mining Company (Ma’aden) is currently seeking to refinance bank debt raised for its subsidiary Ma’aden Bauxite and Alumina Company (MBAC). The company aims at attracting funds of nearly $1 billion, expected to be …

Companies Investments

20 February 2018 05:41 PM Maaden issues SAR 3.5bn sukuk

Mubasher: Saudi Arabian Mining Company (Ma’aden) announced that its subsidiary, Maaden Phosphate Company (MPC) has successfully completed the offering of its Shariah compliant sukuk for SAR 3.5 billion. The issuance consists of 3,500 certificates …

Sukuk and Islamic Finance

1 February 2018 09:58 AM Saudi Ma’aden turns profitable in 2017

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) on Thursday stated that it turned a profit in 2017, against suffering losses the year before. Ma’aden’s net profit hit SAR 714.84 million during 2017, against SAR 10.74 million losses a …

Financial Results

22 December 2017 04:31 PM Ma’aden to launch third Phosphate project next year

Riyadh - Mubasher: Saudi Arabian Mining Company (Ma’aden) is planning to begin operations in the third phosphate facility at Waad Al-Shamal in 2018, according to the company’s chairman and energy minister Khalid Al-Falih. Ma’aden expansion is part …

Companies Investments

18 December 2017 06:47 PM Maaden’s subsidiary gets SAR4.3bn loan from KSA’s PIF

Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden) on Monday announced that its subsidiary Maaden Aluminum Company (MAC) has signed an amendment agreement with the Public Investment Fund of Saudi Arabia (PIF) to adjust the terms of its …

Banking and Finance

17 December 2017 10:45 AM Maaden’s unit inks SAR 7bn financing

Riyadh – Mubasher: Maaden Aluminum Company signed on Thursday, 14 December, finance contracts totaled SAR 6.68 billion ($1.78 billion) with a group of local and international commercial banks to replace the outstanding loans with an alternative …

Corporate Actions

5 November 2017 06:07 PM Maaden’s profits jump 126%, near to SAR 242m in Q3

Riyadh – Mubasher: Saudi Arabian Mining (Maaden) on Sunday said its net profits soared 126.07% in the third quarter of 2017, compared to the year-ago period. Net profits increased to SAR 242.9 million in Q3-17, from SAR 107.4 million in Q3-16, …

Financial Results

22 October 2017 05:07 PM Maaden inks Bangladesh fertiliser deal

Riyadh – Mubasher: Saudi Arabian Mining (Maaden) on Sunday announced signing a deal with Bangladesh’s Ministry of Agriculture and the Bangladesh Agricultural Development Corporation (BADC) to export diammonium phosphate (DAP) in 2018. Maaden is …

Companies Investments

3 August 2017 11:51 AM Two private transactions on Tadawul reach SAR 23m on Thursday

Riyadh – Mubasher: Two private transactions were conducted on some stocks on the Saudi Stock Exchange (Tadawul), after 697,800 shares were exchanged at a trading value of SAR 22.8 million. One transaction was carried out on Saudi Arabian Mining …

Trading Activities

31 July 2017 05:57 PM Maaden Waad Al Shamal, SIDF ink SAR 2.1bn deal

Riyadh – Mubasher: Maaden Waad Al Shamal Company, a subsidiary of Saudi Arabian Mining Company (Maaden), signed an SAR 2.1 billion ($560 million) agreement with the Saudi Industrial Development Fund (SIDF). Maaden Waad Al Shamal will finance its …

Companies Investments

31 July 2017 05:33 PM Maaden Q2 profits rise to SAR 356m

Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden) on Monday announced that its net profits surged 108.2% in the second quarter of 2017, compared to the year-ago period. The Saudi mining firm achieved profits of SAR 356.47 million in Q2-17, …

Financial Results

10 July 2017 10:13 PM Maaden’s subsidiary begins phosphate production

Riyadh - Mubasher: Saudi Arabian Mining Company (Maaden) has announced the commencement of initial production at its subsidiary Maaden Waad Al Shamal Phosphate Company (MWSPC) on Saturday. During initial production, MWSPC will gradually ramp-up …

Companies Investments

22 June 2017 00:26 PM Ma’aden appoints new board vice chairman

Riyadh – Mubasher: Saudi Arabian Mining’s (Ma’aden) board appointed Sulaiman bin Abdulrahman Al-Gwaiz as the vice chairman of the board. The decision was effective as of June 21 until the end of the current board's session that ends on 24 October …

Board of Directors

20 May 2017 08:09 PM Ma’aden considers SAR37 new investments

Riyadh – Mubasher: The CEO of Saudi Arabian Mining (Ma’aden) said that his company considers establishing two projects worth SAR 37 billion in aluminium and phosphate production projects. Khalid bin Saleh Al Mudaifer added in an interview with …

Companies Investments

7 May 2017 09:55 AM Ma’aden Q1 profit hikes 42%

Riyadh – Mubasher: Saudi Arabian Mining (Ma’aden) reported a 41.85% rise in profits for the first quarter of 2017. The company achieved a net profit of SAR 275.61 million in Q1-17, compared profit of SAR 194.3 million in the same period in 2016. …

Financial Results

22 April 2017 08:02 PM Saudi Arabia to launch biggest goldmine Monday

Riyadh - Mubasher: Saudi Prince Khalid al-Faisal Al Saud, the Governor of Makkah, will officially inaugurate on Monday Al Dawaihi goldmine and factory, the biggest goldmine in Saudi Arabia. The goldmine is owned by the Saudi Arabian Mining Company …

Companies Investments Global Indices

3 April 2017 10:18 AM IFRS to cut assets by SAR 3bn - Maaden

Riyadh – Mubasher: Saudi Arabian Mining (Maaden) announced the impact of the conversion to the International Financial Reporting Standards (IFRS) on its financial statements. The company expects to recognise total impairments of SAR 2.9 billion in …

Financial Results

6 March 2017 08:22 AM Maaden to discuss FY16 dividends early April

Mubasher: Saudi Arabian Mining (Maaden) will hold its extraordinary general meeting (EGM) on 2 April to overview the board’s recommendation of not distributing dividends for fiscal year 2016, according to a bourse statement issued on Monday. The …

Cash Dividends