Saudi Arabian Mining Co (MAADEN) News - Mubasher Info
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08 June 10:23 AM

Saudi Arabian Mining Co (1211)

Last update: 10:04 AM market time.
60.55
-0.60
-0.98%
Open 60.20
Previous Close 61.15
High 60.70
Low 59.50
Stock Statistics
Volume 139,290
Turnover 8,388,433.30
All data are 15 minutes late during market session

News

Exports
23 February 2015 03:53 PM SIECO: Aramco, Ma’aden behind profit decline
By Mohammed Abu Meleeh Riyadh-Mubasher: The Saudi Industrial Export Co. (SIECO) confirmed that it faced some difficulties in marketing the fertilizer raw materials in 2014, in addition to its commitment to Aramco’s contract to avoid any losses …
Company News
Photo Credit: Arabianeye-Reuters
22 February 2015 09:57 AM Ma’aden resumes operation of ammonia plant
The Saudi Arabian Mining Co. (Ma’aden) said its subsidiary Ma’aden Phosphate Co. (MPC) has resumed operation of the ammonia plant located at Ras Al Khair City on Friday, February 20, according to the Saudi bourse website.  The scheduled …
Company News
Photo Credit: Arabianeye-Reuters
12 February 2015 04:44 PM Al-Khodari wins $170m contract from Ma’aden
Abdullah A. M. Al-Khodari Sons Co. announced, in a statement to Tadawul on Thursday, it received a letter of award from Ma’aden Waad Al Shamal Phosphate Company, subsidiary of Saudi Arabian Mining Company (Ma’aden).The new contract is for well …
Company News
Photo Credit: Arabianeye-Reuters
1 February 2015 02:27 PM Tadawul’s leading stocks soar to record highs
By Majid Al-ShabibRiyadh-Mubasher: The Saudi Stock Exchange (Tadawul) was powered on Sunday by the Royal Decrees announced on Thursday. It was also fueled by the rise in oil prices by more than 7%.The local equity market opened with a jump by more …
Market News
Photo Credit: Arabianeye-Reuters
29 January 2015 01:22 PM Saudi Ma’aden to finalize projects, expansions in 2015
By Mohamed Abu Meleeh:Riyadh-Mubasher: Saudi Arabian Mining Co. (Ma’aden) said it plans to boost the production capacity of its wholly-owned Ma’aden Gold Co. to 236 thousand ounce in 2015, with an increase by 53.3% from 153.98 thousand ounce in …
Company News
21 January 2015 04:04 PM Ma’aden to shut down ammonia plant for maintenance
Saudi Arabian Mining Co. (Ma’aden) said its subsidiary Ma’aden Phosphate Co. (MPC) will shut down its ammonia plant, which is located at Ras Al Khair city, for a scheduled maintenance, according to Tadawul website. The shutdown will last …
Company News
20 January 2015 07:19 PM Ma’aden FY14 profit down 19; board proposes dividend freeze
Saudi Arabian Mining Company (Ma’aden) posted on Tuesday net profit of SAR 375.95 million for the fourth quarter of 2014, against SAR 29.2 million net loss in the same period a year earlier and with a decline by 22.55% from SAR 485.40 million net …
Company News
20 January 2015 06:57 PM STC’s Alsugair named Ma’aden board member
Riyadh-Mubasher: Saudi Arabian Mining Co. (Ma’aden) announced its board of directors approved appointing Eng. Abdulaziz A. Alsugair as an independent board member.The decision will be discussed in the company’s upcoming general …
Company News
12 January 2015 02:23 PM Saudi companies’ Q4 earnings seen up 3% on banks – estimates
By Mohamed Abu Meleeh:Riyadh-Mubasher: Several Saudi and Arab research firms have posted their expectations for earnings of Saudi companies that have the biggest weights in terms of profitability.Twelve research firms have issued …
Financial Results
11 January 2015 09:47 AM Petchem sector to weigh on Saudi Q4 earnings – report
Al-Rajhi Capital has stated in a report that Q4 earnings for the companies under coverage (excluding Mobily) is estimated to decline ~2% y-o-y mainly weighed down by the Petrochemical sector.The export-oriented Petrochemical sector is …
Company News
9 January 2015 02:37 PM Ma’aden, Al Rashid sign SAR563m contract
Riyadh-Mubasher: Saudi Arabian Mining Co. (Ma’aden) has signed a contract worth SAR 563 million with Al Rashid Co. for Trade & Contracting Ltd, under which the latter will carry out design, engineering and infrastructure works in a …
7 January 2015 10:35 AM 2015 seen as year of mixed sentiments for Saudi Arabia – report
Al-Rajhi Capital has stated in a report that 2015 is expected to be a year of mixed sentiments for Saudi Arabia. There is high optimism among investors, as the Kingdom plans to open up its equity market to qualified foreign institutional …
Company News
6 January 2015 03:29 PM Low gold prices slightly impact Ma’aden profit – report
AlJazira Capital has stated in a report that average gold prices dropped by 6.2% q/q and 5.5% y/y in the fourth quarter of 2014.Based on Ma’aden’s mixed revenues, the research firm believes that such a decline will have a slight impact on …
Research
28 December 2014 02:43 PM Alistithmar Capital estimates for Q4 corporate earnings
By Mohamed Abu Meleeh:Riyadh-Mubasher: Alistithmar Capital issued a report about its forecasts for earnings of 27 Saudi companies across seven sectors for the fourth quarter in 2014.The research firm expected 11 listed banks to post …
Company News
21 December 2014 00:32 PM Ma’aden starts trial operation of alumina refinery
The Saudi Arabian Mining Co. (Ma’aden) launched the trial operation of the alumina refinery of its subsidiary Ma’aden Bauxite and Alumina Co. on December 19, according to Ma’aden’s filing to Tadawul.The start-up will be in its ramp-up …
Company News
18 December 2014 00:30 PM Ma’aden compensates shareholders not participating in rights issue
The Saudi Arabian Mining Co. (Ma’aden) said in a bourse statement that it will pay compensation to shareholders who have not exercised their rights to participate in the rights issue, as well as holders of fractional shares, as of …
Company News
14 December 2014 06:32 PM Public Investment Fund subscribes fully to Ma’aden right issue
Saudi Arabian Mining Company (Ma’aden) announced, in a statement posted on Tadawul website Sunday that the Public Investment Fund, one of its founders and substantial shareholders, subscribed to its full allocation of rights in its …
Corporate Actions
14 December 2014 03:27 PM Ma’aden’s remaining rights issue shares 345% oversubscribed
The final stage of Saudi Arabian Mining Co.’s (Ma’aden) rights issue ended at 10:00 a.m., Monday, Dec. 8, through which 14,692,605 shares were offered to investment institutions, with a coverage ratio of 345%, said financial advisor …
Corporate Actions
14 December 2014 01:37 PM Tadawul adds Ma’aden rights issue shares to shareholders’ portfolios
The Saudi Stock Exchange (Tadawul) announced depositing rights issue shares of Saudi Arabian Mining Co. (Ma’aden) in shareholders’ portfolios on Sunday, Dec. 14, based on their allocation.The company earlier said the rights issue was …
Company News
10 December 2014 10:46 AM Ma’aden director quits
Saudi Arabian Mining Co. (Ma’aden) said board member Mr. Soliman bin Saad Al Humyyed has submitted his resignation on Sunday, Dec. 9, 2014 from his position as an independent director, with an immediate effect, due to his recent …
Corporate Actions
8 December 2014 11:14 AM Ma’aden set to rank among world’s biggest phosphate producers
The Saudi Arabian Mining Co. (Ma’aden) is about to become one of the world’s biggest five phosphate producers when completing its phosphate complex at King Abdullah Project for the Development of Waad Al Shamal.According to a press …
Company News
7 December 2014 10:28 AM Major events on Tadawul this week
Investors in Saudi Stock Exchange (Tadawul) are anticipating the following major events this week:
Company News
6 December 2014 11:39 AM Saudi’s Ma’aden invests SAR 85bn in mining projects
The Saudi Arabian Mining Co. (Ma’aden) is playing a major role in developing the mining sector as the third pillar of Saudi industry, beyond oil and petrochemicals, according to Arab News.The Tadawul-listed company is turning the Kingdom …
Corporate Actions
4 December 2014 11:57 AM Ma’aden rights issue subscribed 94% in two phases
Saudi Arabian Mining Co. (Ma’aden) announced, in a statement to the stock market that its rights issue was subscribed by 93.97% in two phases.During the first subscription period, which started on Tuesday 25/01/1436H ( 18/11/2014) and …
Corporate Actions
3 December 2014 06:49 PM Ma’aden forms JV with Barrick for copper project
Saudi Arabian Mining Co. (Ma’aden) announced today, Wednesday, December 3, the completion of the acquisition of the assets of the project by Ma’aden Barrick Copper Company, a limited liability company established in Saudi Arabia which …
Mergers and Acquisitions