Maaden

MA'ADEN is one of Saudi Arabia's state-owned mining firms, which is based in Riyadh. It is the biggest mining corporation in Saudi Arabia, with a high-impact megaproject under digital pressure. Customers there enter a people-focused environment that is dedicated to boosting well-being and realizing their full potential.

On March 23, 1997, it was established as a Saudi holding company with the intention of promoting the development of Saudi Arabia's natural resources. 50% of the shares are still owned by the Saudi government, while the other 50% are traded on the Tadawul Stock Exchange.

The company's main objective is to expand its gold mining activities in the Kingdom. The complex in Ras Al-Khair houses a diammonium phosphate plant, an alumina smelting, rolling, and smelting facility connected to the Alco joint venture and a rail connection to the Waad Al-Shamal phosphate mine.

Ma'aden and the enormous American aluminum business Alcoa inked a contract on December 20, 2009, to construct a $10.8 billion aluminum complex. According to the deal, the two businesses will construct an aluminum smelter near Ras Al-Zour that can produce 1.8 million tonnes of aluminum annually and one that can produce 750,000 tonnes. The smelter is anticipated to begin operations in 2013 while the refinery is anticipated to open in 2014.

Founded: 1997
Headquarters: Riyadh, Saudi Arabia

Website: https://www.maaden.com.sa/