Ma’aden Secures $1.25 Billion to Fuel a New Era in Global Mining and Saudi Vision 2030

Ma’aden, the leading mining and metals company in Saudi Arabia and the world’s tenth largest mining firm by market capitalization, is proud to announce a remarkable funding milestone of US$1.25 billion. This capital injection not only highlights the strong investor confidence in our vision but also marks a significant step forward in our commitment to pioneering a fully integrated and innovative approach within the global mining arena. With our extensive portfolio spanning gold, phosphate, bauxite, copper, and other valuable minerals, and in collaboration with top-tier global partners like Alcoa, Mosaic, and Barrick, we are well-equipped to build and enhance world-class value chains that meet the dynamic needs of international markets. Since our IPO in 2008, Ma’aden has dedicated over US$32 billion to developing large-scale, long-life, and cost-competitive assets—a testament to our enduring focus on quality production and unwavering value delivery to our shareholders. The new funding will drive further expansion of our mining operations while bolstering our contribution to Saudi Vision 2030, assisting the Kingdom in diversifying its economy beyond oil and petrochemicals. Our strategic investments are aimed at not only advancing our operational capabilities but also at building sustainable industrial cities, generating meaningful employment opportunities, and empowering communities to thrive. As we embark on this exciting phase of growth, Ma’aden remains steadfast in its mission to transform and lead the mining sector, committing to the highest standards of best practices, technological advancement, and corporate responsibility in order to shape a prosperous future for both our employees and the nation.