Saudi Maaden to shut plant for three weeks

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

A subsidiary of Saudi mining firm Maaden plans to shut a diammonium phosphate (DAP) fertiliser plant in Ras Al Khair on Monday until around February 18 to do maintenance during a period of low seasonal demand, Maaden said in a bourse statement.

Maaden said the three-week shutdown would have no impact on its ability to meet its obligations to customers of the industrial fertiliser and that the ammonia plant at Ras Al Khair would continue to operate normally.

Maaden Phosphate Co (MPC) is 70 percent-owned by Maaden and 30 percent by Saudi Basic Industries Corporation.

Related:

Market Performance

Saudi Arabian Mining Company
27.4
2.46 9.86 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Slumping oil won't derail $500bn Gulf infrastructure plan

Slumping oil won't derail $500bn Gulf infrastructure plan

Rich GCC nations will deploy huge reserves to maintain a breakneck...

Saudi Arabia builds start-up culture with state oil money

Saudi Arabia builds start-up culture with state oil money

Gov't has previously has found it hard to promote start-ups in...

How QSTP is incubating innovation

How QSTP is incubating innovation

Courtney Trenwith examines how Qatar’s dedicated research and...

Most Popular
Most Discussed