THE MIDDLE EAST’S
5. Saudi Arabian Mining Company (Maaden)
Country: Saudi Arabia
Sector: Industrials
CEO: Bob Wilt
Market Value: $80.2 billion
Maaden is the Middle East's largest multi-commodity mining and metals producer, operating 17 mines and sites, and exporting to more than 50 countries. In January 2026, it added 7.8 million ounces of new gold resources in Saudi Arabia. In 2025, it partnered with the U.S. Department of War and MP Materials to build and operate a rare earth refinery. In October 2025, Maaden awarded a $104.3 million EPCM contract to Bechtel for its Ar Rjum gold mine, projected to produce 3.6 million ounces over 12 years. Maaden reported $7.5 billion in revenue and $1.8 billion in net profit in the first nine months of 2025.