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SAUDI ARABIAN MINING COMPANY (MA'ADEN)

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Saudi Arabian Mining Ma'aden : Ma'aden achieves ISO 55001 and ISO 31000 certifications at two of its major complexes

03/19/2020 | 07:57am EDT

Saudi Arabia - Saudi Arabian Mining Company (Ma'aden) subsidiary Ma'aden Phosphate Company (MPC) has received the ISO Asset Management System (ISO 55001) and ISO Risk Management System (ISO 31000) certifications for its two major complexes, the Integrated Fertilizer Production Complex in Ras Al Khair Industrial City, also the Mine and Plant in Al Jalamid.

The Asset Management System Certification will aid MPC in managing the lifecycle of assets more efficiently and ensure compliance with international safety and performance standards. The Risk Management System Certification will provide the guidelines and framework to handle different categories of risk in both complexes.

Commenting on the announcement, President of Ma'aden Phosphate Company, Abdullah Alajmi, said 'We remain committed to playing a key role in boosting crop output and contributing to stable food supplies around the world as part of Saudi Arabia's contribution to achieving global food security.'

'Successfully adopting these two management systems means that we will be more efficient in fulfilling that commitment and supporting Ma'aden's long-term strategy, which is driven by operational excellence and asset optimization,' he continued.

Ma'aden is amongst the top three global phosphate fertilizer producers with a current production of approximately 6 million tonnes per year.

Contact:

Tel: +966 (0) 11 874 8000

Fax: +966 (0) 11 874 8300

Email: info@maaden.com.sa

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SAUDI ARABIAN MINING COMPANY (MA'ADEN) 0.93% 64.8 End-of-day quote.60.00%
THE PHOSPHATE COMPANY LIMITED 0.00% 77 End-of-day quote.91.78%
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Financials
Sales 2021 22 798 M 6 078 M 6 078 M
Net income 2021 3 288 M 877 M 877 M
Net Debt 2021 40 330 M 10 753 M 10 753 M
P/E ratio 2021 20,8x
Yield 2021 -
Capitalization 79 742 M 21 258 M 21 261 M
EV / Sales 2021 5,27x
EV / Sales 2022 4,86x
Nbr of Employees -
Free-Float 32,8%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 64,80 SAR
Average target price 60,48 SAR
Spread / Average Target -6,67%
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Managers and Directors
Mosaed bin Sulaiman Al-Ohali Chief Executive Officer & Executive Director
Yasir bin Othman Al-Rumayyan Non-Executive Chairman
Raminder Singh Chief Legal Counsel
Abdulaziz bin Saleh Al-Jarbou Independent Vice Chairman
Sulaiman bin Abdulrahman Al-Gwaiz Independent Director
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