Saudi Arabian Mining Co. (Ma’aden)
Top 100 Companies in the Middle East 2021

SR.No: 48

Saudi Arabian Mining Co. (Ma’aden)

Sector: Industrials

Date of Establishment: 1997
Country: Saudi Arabia
Acting CEO: Abdulaziz bin Asker Al Harbi

Sales: $4.9 billion

Profits: $-226 million

Assets: $25.8 billion

Market Value: $18.8 billion

Founded in 1997, Ma’aden is the largest mining company in the Middle East. It was wholly owned by the Saudi government until 2008, when half of its shares were floated on Tadawul. In June 2018, Saudi’s Public Investment Fund increased its shareholding to 67.2%.