Monday 30 May 2016
 
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Ma'aden

Ma'aden Q1 net profit slips 35pc, still beats forecasts

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

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Ma'aden reshuffles team, reaffirms cost-cutting focus

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

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Aluminium upstream-downstream integration in focus

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

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Saudi's Ma'aden Q2 net profit falls 27pc

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

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Saudi's Ma'aden registers solid Q1 net profit

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. The company's

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Saudi Ma'aden restarts ammonia plant

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

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Saudi builder Khodari wins $170m deal from Ma'aden unit

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

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Ma’aden selects Zycus' Spend Analysis solution

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.

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Ma'aden spearheading Saudi mining sector growth

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

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Ma'aden rights issue gets 93.97pc take-up

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. Shareholders subscribed

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