Saudi Arabian Mining Company (Ma'aden)

1211

SA123GA0ITH7

Diversified Mining

End-of-day quote Saudi Arabian Stock Exchange Other stock markets 06:00:00 2023-12-06 pm EST			5-day change	1st Jan Change
39 ^SAR	-1.52%		-2.13%	-9.58%

09:46am	Saudi investment minister meets Chinese commerce and industry chiefs	RE
Nov. 29	Brazilian meatpacker JBS mulls more investments in Saudi Arabia	RE

Saudi Arabian Mining Company (Ma'aden) Reports Earnings Results for the Second Quarter Ended June 30, 2023

August 14, 2023

Saudi Arabian Mining Company (Ma'aden) reported earnings results for the second quarter ended June 30, 2023. For the second quarter, the company reported sales was SAR 6,966.27 million compared to SAR 11,876.16 million a year ago. Net income was SAR 350.94 million compared to SAR 4,028.12 million a year ago.

Latest news about Saudi Arabian Mining Company (Ma'aden)

Saudi investment minister meets Chinese commerce and industry chiefs	03:46am	RE
Brazilian meatpacker JBS mulls more investments in Saudi Arabia	Nov. 29	RE
Ivanhoe Electric Inc. and Ma'aden Commence Joint Venture Exploration Activities in Saudi Arabia	Nov. 29	CI
Saudi Arabian Mining Company (Ma'aden) Names New Chairman, Vice Chairman	Nov. 19	CI
Saudi Arabia to sign deals worth over $500 million with African nations -minister	Nov. 09	RE
Transcript : Saudi Arabian Mining Company (Ma'aden), Q3 2023 Earnings Call, Nov 08, 2023	Nov. 08	CI
Saudi Arabia says will host Arab, Africa and Islamic summits to discuss Gaza conflict	Nov. 07	RE
Saudi Arabian Mining Company (Ma'aden) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 04	CI
Ivanhoe Electric Inc. announced that it has received $20.434275 million in funding from Saudi Arabian Mining Company (Ma'aden)	Oct. 30	CI
Ivanhoe Electric Inc. announced that it expects to receive $20.434275 million in funding from Saudi Arabian Mining Company (Ma'aden)	Oct. 22	CI
US, Saudi Arabia in talks to secure metals in Africa - WSJ	Sep. 10	RE
Saudi Arabia considering investing in 'Made in Italy' fund	Sep. 04	RE
Transcript : Saudi Arabian Mining Company (Ma'aden), Q2 2023 Earnings Call, Aug 16, 2023	Aug. 16	CI
Saudi Arabian Mining Company (Ma'aden) Reports Earnings Results for the Second Quarter Ended June 30, 2023	Aug. 14	CI
Denmark’s FLSmidth Lands DKK530 Million Equipment Order From Saudi Arabia’s Ma’aden	Aug. 07	MT
Brazil's Vale to sell 13% stake in base metals unit for $3.4 bln	Jul. 27	RE
Saudi Arabian Mining Company (Ma'aden) and an undisclosed public investment firm entered into binding agreement to acquire 10% stake in Energy Transition Metals business of Vale S.A..	Jul. 26	CI
Riyadh, Tokyo to cooperate on energy security, hydrogen and ammonia	Jul. 16	RE
Ivanhoe Electric Inc. announced that it has received $127.1 million in funding from Saudi Arabian Mining Company (Ma'aden)	Jul. 05	CI
Saudi Arabia allocates $7.8 bln worth of investments for Expo 2030 -state media	Jun. 20	RE
GCC-China free trade deal must protect emerging Gulf industries - Saudi minister	Jun. 11	RE
Transcript : Saudi Arabian Mining Company (Ma'aden), Q1 2023 Earnings Call, May 30, 2023	May. 30	CI
Analysis - UAE steps up pace of solo trade deals in regional economic race	May. 25	RE
Saudi Arabian Mining Company (Ma'aden) Reports Earnings Results for the First Quarter Ended March 31, 2023	May. 23	CI
Saudi's Ma'aden announces export of first shipments of low-carbon blue ammonia to China -statement	May. 18	RE

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Company Profile

Saudi Arabian Mining Co SJSC is a Saudi Arabia-based company, which is engaged in the mining sector. The Company's principal mining activities are at the Mahd Ad? Dahab, Al-Hajar, Bulghah, Al-Amar, Sukhaybarat, As Suq, Al Jalamid, Az Zabirah, Al-Ghazallah and Al Baitha mines. The Company mainly mines gold, phosphate rock, bauxite, low-grade bauxite, kaolin and magnesite. The Company operates under the following business segments: Phosphate Strategic Business Unit Segment, Aluminum Strategic Business Unit Segment, Precious and Base Metals Strategic Business Unit Segment and Corporate. The Company's subsidiaries are: Maaden Bauxite and Alumina Co LLC, Maaden Gold and Base Metals Co LLC and Maaden Phosphate Co, among others.

Sector

Diversified Mining

Calendar

2024-01-28 - Q4 2023 Earnings Release (Projected)

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Ratings for Saudi Arabian Mining Company (Ma'aden)

Trading Rating :

Investor Rating :

ESG Refinitiv :

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

39SAR

Average target price

32.24SAR

Spread / Average Target

-17.34%

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Company calendar

Sector Integrated Mining

	1st Jan change	Capi.
SAUDI ARABIAN MINING COMPANY (MA'ADEN)	-9.58%	38 387 M $
RIO TINTO PLC	-3.71%	119 B $
GLENCORE PLC	-17.20%	69 919 M $
GRUPO MÉXICO, S.A.B. DE C.V.	+17.31%	36 004 M $
ANGLO AMERICAN PLC	-44.30%	27 409 M $
TECK RESOURCES LIMITED	+2.83%	20 137 M $
HINDUSTAN ZINC LIMITED	+0.17%	16 353 M $
IVANHOE MINES LTD.	+18.13%	11 203 M $
VEDANTA LIMITED	-20.62%	10 893 M $
SOUTH32 LIMITED	-21.75%	9 289 M $

Integrated Mining