RIYADH: Saudi Arabian Mining Co., the largest multi-commodity mining and metals company in the Middle East, is set to raise the company’s capital by 50 percent to SR36.91 billion ($9.84 billion), according to a filing to Saudi Arabia’s stock exchange. The capital will be raised through a one-for-two bonus share distribution, and the capital top-up will be financed through
Saudi Arabia is currently undergoing a radical cultural, social and economic transformation, as first spelled out in 2016 when Crown Prince Mohammed bin Salman launched Vision 2030. What may shock many followers of global finance, investment, and economic development, however, is just how far advanced the Kingdom is in certain areas of its transformation. Take the minerals and
RIYADH: Saudi Arabia’s global conference Future Mineral Forum has partnered a host of major think tanks to drive innovation and thought leadership, according to a statement. Launched in 2022 by the Kingdom’s Ministry of Industry and Mineral Resources, the FMF has now joined forces with the Development Partner Institute, the Center for Energy Studies at Rice University’s Baker
RIYADH: Saudi Arabian Mining Co., known as Ma’aden, ranked fifth among the top share price gainers this year on the Saudi stock index TASI buoyed by strong results and a thriving mineral sector. Ma’aden’s share price in 2022 opened at SR39.25 ($10.5) and climbed to SR59 on Aug. 4, surging 53 percent. A booming mineral industry fueled this rise in Saudi Arabia as, in recent