Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, posted a 35.3 per cent fall in first-quarter net profit on Sunday, but still beat analysts' forecasts.
The firm made a net profit SR168.9 million ($45.04 mil
Saudi Arabian Mining Company (Ma'aden), which swung into the red at the end of last year after being hit by the slump in commodities, announced a new finance director on Wednesday and other management changes.
The Gulf's b
The integration of the aluminium upstream and downstream sectors throughout the GCC will be the focus of a leading aluminium conference and exhibition to take place in Saudi Arabia.
The Arab International Alumi
Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, posted a 27.2 per cent fall in second-quarter net profit on Tuesday, missing analysts' forecasts.
Net profit for the three months to June 30 was SAR270
Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, reported on Thursday its first-quarter net profit more than doubled year on year, but the earnings still fell short of analysts' forecasts.
A subsidiary of Saudi Arabian Mining Co (Ma'aden) has restarted an ammonia plant after a brief shutdown for repairs at a cooling facility, Ma'aden said on Wednesday.
Ma'aden had previously said it expected the plant, a
Saudi Arabian builder Abdullah Abdul Mohsin Al-Khodari and Sons said on Thursday it had been awarded a $170 million contract from a unit of Saudi Arabian Mining Co (Ma'aden).
The contract with Ma'aden Waad Al Shamal Phosph
Saudi Arabia Mining Company (Ma’aden) has selected leading leading source-to-pay procurement solutions provider Zycus’ advanced Spend Analysis solution, including iAnalyze and iMine, for global leadership in spend analysis.
The Saudi Arabian Mining Company (Ma'aden) investments have now exceeded SR85 billion ($22.6 billion) making the kingdom a major player in the phosphate and aluminium industry, according to experts.
Ma'aden, they stated, w
Saudi Arabian Mining Company (Ma'aden) said the take-up on its QR5.6 billion ($1.5 billion) rights issue was 93.97 per cent, with the remaining shares to be offered to institutional investors next week.