Saudi Arabian mining company
- Company typePublic
- Founded1993
- HeadquartersRiyadh, Saudi Arabia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Saudi Arabian mining company does
Saudi Arabian Mining Company (Maaden) is a publicly listed multi-commodity mining and metals company incorporated in 1993 and headquartered in Riyadh, Saudi Arabia, trading on the Saudi Exchange (Tadawul) under ticker 1211. The company operates 17 mines and sites across the Kingdom with over 7,000 direct employees and exports products to more than 30 countries, generating FY2025 revenue of $10.3 billion (+19% YoY), EBITDA of $4.3 billion (+30% YoY), and net profit attributable to shareholders of $2.0 billion (+156% YoY). It is designated as Saudi Arabia's national mining champion and is a cornerstone of Vision 2030, which targets mining as the third pillar of the Saudi economy after oil and petrochemicals.
Saudi Arabian mining company firmographics
Firmographics- Name
- Saudi Arabian mining company
- Legal name
- Saudi Arabian Mining Company
- Website
- https://maaden.com
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Saudi Arabian mining company industry classification
Industry- Product category
- Mining & Metals
- NAICS
- Nonmetallic Mineral Mining and Quarrying (2123), Phosphatic Fertilizer Manufacturing (325312), Other Nonmetallic Mineral Mining and Quarrying (212390), Copper, Nickel, Lead, and Zinc Mining (21223)
- SIC
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Phosphate Rock Mining (IMAKAGAA)
- akta.pro secondary industries
- Critical Minerals Recycling & Urban Mining (Li, Ni, Co, Graphite, REE) (IMAKAFAK), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)
Keywords
Where Saudi Arabian mining company is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices6 records
Markets served
Saudi Arabian mining company business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Mineral commodity sales: Maaden generates revenue primarily through the extraction and sale of mineral commodities including phosphate fertilizers, aluminum, gold, and base metals. The company operates an integrated supply chain from mine to port within Saudi Arabia, delivering products to customers across 30+ countries including Brazil, India, and Kenya.
- Gold production: Gold mining and production operations generating revenue from gold sales to global markets including jewelry manufacturers, electronics industry, and investment sectors.
- Phosphate fertilizers: Production and sale of phosphate fertilizers (DAP - Diammonium Phosphate) supporting global food security. Maaden delivers approximately 20% of global phosphate supply, with major production hubs at Wa'ad Al Shamal and Ras Al Khair.
- Aluminum products: Aluminum production through the Aluminum business unit, selling aluminum products to industrial customers globally.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Saudi Arabian mining company product offering
Product offeringCore offering
Maaden extracts and processes a diversified portfolio of mineral commodities across five core business units: phosphate fertilizers (DAP), aluminum, gold, base metals, and industrial minerals (bauxite, kaolin, magnesite). The company operates fully integrated mine-to-port supply chains within Saudi Arabia and exports products to industrial, agricultural, and jewelry customers in over 30 countries.
Product overview
Maaden operates as a multi-commodity mining and metals company with five core business units: Phosphate (fertilizers and the Phosphate 3 expansion project), Aluminum (including fully owned MAC and MBAC assets), Gold (Mansourah Massarah mine and Ar Rjum development project), Exploration (targeting $2.5T in unexplored mineral assets), and Industrial Minerals (bauxite, kaolin, magnesite). The company also provides digital platforms including Supplier Portal and Customer Portal, and runs the Tharwah Local Content Program. Recent strategic initiatives include a rare earth refinery joint venture with MP Materials and expanded exploration partnerships.
Differentiator
Problem solved
Functional benefit
Brands
- Tharwah: Local Content program launched in 2022 to support Saudi Arabia's Vision 2030 by investing in local entrepreneurs, suppliers, and businesses through job creation, local procurement, and technological advancements
Products and services
- Phosphate Business Unit Fully integrated phosphate mining and processing operations producing phosphate fertilizers including DAP (Diammonium Phosphate), supplying approximately 20% of global phosphate demand to farmers and agricultural industries in more than 30 countries.
- Aluminum Business Unit Aluminum production operations producing aluminum and alumina, serving industrial manufacturing customers globally for construction, automotive, aerospace, and packaging applications.
- Gold Mining Operations Gold mining operations across the Central Arabian Gold Region, including the flagship Mansourah Massarah mine (116Mt at 2.8g/t for 10.4Moz) and the Ar Rjum development, producing gold for jewelry manufacturers, electronics industry, and investment sectors globally.
- Exploration Business Unit Mineral exploration function targeting Saudi Arabia's estimated $2.5 trillion worth of mineral assets, including base metals and gold, focusing on Arabian Shield regions and areas near existing operations.
- Industrial Minerals Company (IMC) Develops industrial minerals including low-grade bauxite (LGB), kaolin, and caustic calcined magnesite (CCM) from the Az Zabirah deposit in Hail province, supplying cement, construction, agriculture, and wastewater treatment industries.
- Phosphate 3 Mega Project Major expansion project to boost phosphate production capacity by 50%, reaching 9 million tons annually across Wa'ad Al Shamal and Ras Al Khair hubs, serving global agricultural demand.
- Ar Rjum Gold Mine New gold mine development in the Makkah Region (200km northeast of Ta'if) with projected production of 3.6 million ounces of gold over a 12-year life of mine, part of the strategy to double gold production by 2030.
Quantifiable outcome
- Revenue increased 24% YoY to SAR 27.9 billion in 9M FY25
- +7 more outcomes
Companies that use Saudi Arabian mining company
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Saudi Arabian mining company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Saudi Arabian mining company partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship, core and major.
- Aston Martin Aramco Formula One Teamflagship'From Rock to Racetrack' campaign partnership showcasing how minerals extracted by Maaden are transformed into components for high-performance engineering. The bespoke Monaco livery traces the transformation of metals and minerals from earth to F1 racing. Maaden is Principal Partner of the team, with the iridescent design carrying over to driver suits, helmets and mechanics' overalls.
- HatchcoreStrategic delivery partner selected by Maaden to accelerate mining development in Saudi Arabia. Partnership will implement portfolio-wide approach to project development and execution, leveraging world-class design and delivery models. A core pillar is developing capabilities, skills, and workforce to position metals industry as long-term engine of Saudi Arabia's economy. Hatch will bring deep technical expertise in process design, constructability, and innovation.
- Hancock Prospecting (Midana Exploration Pty Ltd)coreJoint venture shareholders' agreement to accelerate exploration efforts following successful bid for exploration licenses by MIMR across three new mineral belts in the Nabita Ad-Duwayhi Gold-Belt, covering over 24,000 sqkm. Maaden owns 50.1% of the joint venture which will conduct exploration, development, mining, sales and marketing of minerals in licensed areas.
- MP Materials Corp.flagshipBinding term sheet with MP Materials backed by the U.S. Department of War to build and operate a rare earth refining and separation facility in Saudi Arabia. The facility will be operated by Maaden with MP Materials' technical expertise, processing, refining, and separating rare earth elements. MP Materials and DoW will hold 49% equity position with Maaden holding no less than 51%. This follows the strategic framework for cooperation on securing uranium, metals, permanent magnets, and critical minerals supply chains signed between the U.S. and Saudi Arabia.
- BechtelcoreSAR 391.1 million (USD 104.3 million) EPCM contract for construction of mine and processing facilities at Ar Rjum gold mine. Bechtel will provide Engineering, Procurement and Construction Management services for construction of mine and processing facilities including an open-pit operation and state-of-the-art processing facility handling 8 million tons per annum throughput.
- Emerge (Masdar and EDF joint venture)core30-year Power Purchase Agreement to develop an 8 MWp solar facility with 30 MWh battery storage at the Al Baitha Bauxite Mine. The project will produce approximately 17,300 MWh of electricity annually and reduce CO2 emissions by about 13,800 tonnes per year. Aligns with Saudi Vision 2030 sustainability objectives.
- AlcoacoreCompleted purchase of 25.1% interest in MAC (Maaden Aluminum Company) and MBAC (Maaden Bauxite and Alumina Company) on July 1, 2025, giving Maaden 100% ownership of both assets.
- Saudi Pro LeaguemajorLong-term partnership announcement with the Saudi Pro League for football/soccer sponsorship to build brand awareness domestically and internationally.
- LIV GolfflagshipPresenting partner of LIV Golf Virginia tournament and long-term partnership. Maaden launched 'Unearth Your Potential' campaign featuring LIV Golf stars. The partnership brings bold branding, immersive activations, and elevated hospitality to the event, reinforcing LIV Golf's commitment to redefining the fan experience.
- AppleflagshipLong-term supply agreement with Apple for U.S.-manufactured rare earth magnets from MP Materials. MP Materials has a joint venture with Maaden to build a refinery in Saudi Arabia as part of this supply chain. This partnership is driving rare earth production expansion.
Scale indicators17 records
Recent moves12 records
Expansion highlights6 records
Saudi Arabian mining company competitors and assessment
Company assessmentDirect peers
- Newmont Corporation: Newmont is the world's largest gold miner by production and reserves. Its global portfolio of gold operations and growth pipeline provides a direct comp for Maaden's gold expansion strategy and doubling-by-2030 production target.
- Nutrien Ltd: Nutrien is the world's largest provider of crop inputs including phosphate and potash fertilizers with global distribution. It competes directly with Maaden's phosphate business for share of DAP demand in Brazil, India and other key agricultural markets.
- MP Materials Corp. MP Materials is Maaden's JV partner in the planned Saudi rare earth refinery and a leading Western rare earth producer. Both are positioned in the US-aligned critical minerals supply chain, with MP providing technical expertise and Maaden hosting the refining facility.
- Mosaic Company: Mosaic is one of the world's largest phosphate producers (DAP/MAP) and a major potash producer, directly comparable to Maaden's integrated phosphate franchise and global fertilizer export model. Both serve global agricultural customers with commodity phosphate fertilizers.
- Barrick Gold Corporation: Barrick is one of the world's largest gold mining companies and a natural benchmark for Maaden's gold business unit, including Mansourah Massarah and Ar Rjum. Both operate large-scale gold mines targeting long-life, high-grade ounces.
- OCP Group: OCP is the Moroccan state-owned phosphate giant and the world's largest phosphate rock and fertilizer producer. It is the most direct head-to-head competitor to Maaden in integrated phosphate rock mining, DAP manufacturing, and export to global agricultural markets.
- Alcoa Corporation: Alcoa was Maaden's joint venture partner in MAC and MBAC until July 2025, when Maaden bought the remaining 25.1%. Alcoa is a global aluminum and bauxite/alumina producer with operations closely overlapping Maaden's aluminum business unit.
Broad incumbents
- BHP Group: BHP is the world's largest diversified miner, producing iron ore, copper, nickel, potash, and metallurgical coal. Comparable to Maaden as a globally diversified, multi-commodity mining operator with strong government relationships in resource-rich jurisdictions.
- Rio Tinto Group: Rio Tinto is a globally diversified major mining company producing iron ore, aluminum, copper, lithium, and other minerals. It overlaps with Maaden's aluminum and base metals businesses and is a benchmark for how a diversified miner scales multi-commodity portfolios.
- Saudi Aramco: Saudi Aramco is Saudi Arabia's national oil champion and the largest company in the kingdom. While a different commodity, it is the most direct analog to Maaden's role as the national mining champion under Vision 2030, with similar state backing, scale, and strategic mandate.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Saudi Arabian mining company social profiles
Digital presenceSaudi Arabian mining company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Saudi Arabian mining company leadership team
Management profileNumber of profiles
Profiles2 records
Saudi Arabian mining company subsidiaries and ownership
Company hierarchySubsidiaries5 records
Saudi Arabian mining company funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Saudi Arabian mining company M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Saudi Arabian mining company
What does Saudi Arabian mining company do?
Maaden extracts and processes a diversified portfolio of mineral commodities across five core business units: phosphate fertilizers (DAP), aluminum, gold, base metals, and industrial minerals (bauxite, kaolin, magnesite). The company operates fully integrated mine-to-port supply chains within Saudi Arabia and exports products to industrial, agricultural, and jewelry customers in over 30 countries.
Is Saudi Arabian mining company a public or private company?
Saudi Arabian mining company is a public company. It is classified as public and is currently operating.
When was Saudi Arabian mining company founded?
Saudi Arabian mining company was founded in 1993. It employs 5,001 to 10,000 people.
Where is Saudi Arabian mining company based?
Saudi Arabian mining company is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Saudi Arabian mining company make money?
Four revenue lines are on record. Mineral commodity sales are the primary driver. The others are gold production, phosphate fertilizers and aluminum products.
Who are Saudi Arabian mining company's main competitors?
Direct peers on record are Newmont Corporation, Nutrien Ltd, MP Materials Corp., Mosaic Company, Barrick Gold Corporation, OCP Group and Alcoa Corporation. Broad incumbents are BHP Group, Rio Tinto Group and Saudi Aramco.
Does Saudi Arabian mining company have an API?
No public API is recorded for Saudi Arabian mining company.
What industry is Saudi Arabian mining company in?
Saudi Arabian mining company's product category is Mining & Metals. Its primary akta.pro industry code is IMAKAGAA, Phosphate Rock Mining, with a secondary code of IMAKAFAK, Critical Minerals Recycling & Urban Mining (Li, Ni, Co, Graphite, REE). Its NAICS code is 2123 and its SIC code is 1400.