Saudi Arabian mining company

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.

Name

Saudi Arabian mining company

Legal name

Saudi Arabian Mining Company

Website

https://www.maaden.com.sa

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

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

• Phosphate fertilizers
• Aluminum smelting
• Gold mining
• Industrial minerals
• Base metals exploration

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. 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.
2. Gold production: Gold mining and production operations generating revenue from gold sales to global markets including jewelry manufacturers, electronics industry, and investment sectors.
3. 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.
4. 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

Core 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

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered flagship, core and major.

• Aston Martin Aramco Formula One TeamflagshipGTM or Marketing Partner · 2 June 2026'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.
• HatchcoreImplementation/ SI/ Consulting Partner · 11 February 2026Strategic 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)coreStrategic or Co-development Partner · 29 December 2025Joint 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.flagshipStrategic or Co-development Partner · 19 November 2025Binding 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.
• BechtelcoreImplementation/ SI/ Consulting Partner · 23 October 2025SAR 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)coreStrategic or Co-development Partner · 2 September 202530-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.
• AlcoacoreStrategic or Co-development Partner · 1 July 2025Completed 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 LeaguemajorGTM or Marketing Partner · 29 May 2025Long-term partnership announcement with the Saudi Pro League for football/soccer sponsorship to build brand awareness domestically and internationally.
• LIV GolfflagshipGTM or Marketing Partner · 7 May 2025Presenting 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.
• AppleflagshipStrategic or Co-development Partner · 1 March 2024Long-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

Direct 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

• Xx.com/maadenksa
• YouTubeyoutube.com/maadenksa
• Facebookfacebook.com/maadenksa
• LinkedInlinkedin.com/company/maaden
• Instagraminstagram.com/maadenksa
• TikToktiktok.com/@maaden_ksa?lang=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Arabian mining company