Saudi Arabian Mining Company

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Recent Articles

• Saudi transport projects on track - minister 20 May 2009

  State funds will be used to fund projects amid a shortfall in private sector investment.

• Crisis forces Saudi gov't to foot bill for projects20 May 2009

  Private sector funding, local bank loans have dried up leaving gov't to fund schemes.  

• Future of aluminium project in Saudi 'uncertain' - Dubal 11 May 2009

  Plant planned for Kingdom of Abdullah Economic City may not go ahead due to crisis. 

• Middle East 'still strong' on IPOs - report27 October 2008

  Ernst & Young says region resists global downturn in Q3, raising $3.6bn in 12 offerings.

• Maaden reviews Saudi smelter plans14 October 2008

  UPDATE 1: All projects including Rio Tinto joint venture to be reconsidered next month - CEO.

• Mideast's largest mining IPO oversubscribed16 July 2008

  Strong demand from Saudi investors for shares in $2.5bn Maaden offering.

• Maaden $2.47bn IPO 68% covered in first day6 July 2008

  Saudi-owned mining company raises $1.69bn in openning day of public offering.

• Gulf's largest mining IPO kicks off5 July 2008

  Saudi-owned Maaden launches public offering to raise $2.47bn, valuing company at close to $5bn.

• Samba to lead Mideast's biggest mining IPO29 June 2008

  Saudi's Maaden appoints Samba subsidiary to oversee $2.47bn share sale.

• Saudi's Maaden details $2.5bn IPO21 June 2008

  State-owned mining firm to offer Saudi institutional and retail investors 462.5 million shares - 50% of capital.

• Rio Tinto Saudi partner ups project cost to $7.5bn29 May 2008

  Saudi aluminium project costs blow out by $530mn because of higher input prices.

• Saudi's Maaden plans $2.5bn July IPO12 May 2008

  State-owned mining company to offer Saudi investors 462.5 million of stock, equivalent to 50% of share capital.

• Maaden poised to seal $7.5bn aluminium deal15 April 2008

  Saudi mining company says it expects to sign deal with Rio Tinto by August.

• Saudi mega projects hit by credit crunch2 October 2007

  Firms looking finance projects will struggle in market reeling from global credit crisis, bankers say.

• Maaden needs $2bn for phosphate venture1 October 2007

  State mining firm to approach banks within weeks as costs soar, sources say.

• Sabic mining venture hammered by costs17 September 2007

  Maaden reveals phosphate venture with Sabic will cost $5.6bn, 62% more than previously projected.

• Aluminium smelter planned for Saudi11 September 2007

  State-run Maaden to start work on project next year under joint venture with Canada's Alcan.