Tuesday, 24 November 2009 | 12:44 UAE time
COMPANIES
Saudi Arabian Mining Company
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COMPANY DESCRIPTION
Otherwise known as Ma’aden, Saudi Arabian Mining Company explores and extracts phosphates, aluminum, and precious metals such as gold, silver, magnesium and zinc. It has a production capacity of 9.4 tonnes and 14.2 tonnes of gold and silver a year, and mines an area of roughly 60,000 sq. km in the Arabian Peninsula.To date Ma’aden’s activities have focused on its active gold business which has grown in recent years to include the operation of five mines: Mahd Ad Dahab, Al Hajar, Sukhaybarat, Bulghah, and Al Amar.
In July 2008, Ma’aden floated on the Saudi stock exchange, offering half of the company’s shares to the public.
KEY INFORMATION
Industry
Metal Mining
Address
68861, Riyadh, Saudi Arabia
T
966 1 4721222
F
966 1 4721333
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 23 March 1997 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Public Investment Fund | companies | 50 | Saudi Arabia |
| General Organization for Social Insurance - Saudi Arabia | companies | 2.5 | Saudi Arabia |
| Public Pension Agency | companies | 2.5 | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Maaden Phosphate Company | Saudi Arabia |
| Saudi Company for Precious Metals | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Ali Ibrahim Al Naimi | Chairman |
| Faisal Bin Turki Bin Abdulaziz Al Saud | Board Member |
| Mohammad Bin Suleiman Al Jasser | Board Member |
| Abdulrahman Bin Ahmad Al Jafary | Board Member |
| Ziad Bin Abdulrahman Al Sudairy | Board Member |
| Abdulaziz Bin Saleh Bin Mansour Al Jarbou | Board Member |
| Abdullah Bin Abdulaziz Al Zaid | Board Member |
| Zohair Abdulhafidh Al Nawab | Board Member |
| Abdallah Issa Dabbagh | Board Member |
| MANAGEMENT | Position |
| Abdallah Issa Dabbagh | President and Chief Executive Officer |
| Abdullah S. Busfar | Vice President - Corporate Projects |
| Mohammed Hany Al Dabbagh | Vice President - Precious and Base Metals Operations |
| Abdullah I. Al Fallaj | Vice President - Finance |
| Khalid S. Al Mudaifer | Vice President - Industrial Affairs |
| Mansour O. Nazer | Vice President - Planning and Business Development |
| Nabil Abdulaziz Al Fraih | Executive Director - Corporate Human Resources and Industrial Security |
| Abdullah Abdulgader | Executive Director - Projects |
| Aqeel Al Onazi | Section Head - External Relations |
| Raed Al Sarouri | Director - Marketing and Business Development |
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