Our Story
From the past to the future
Since 1997, Maaden has been realizing its vision to unlock Saudi Arabia’s mineral wealth and build a world-leading mining sector in the Kingdom. Today, backed by the Kingdom’s Public Investment Fund (PIF) and guided by our ambitious 2040 Strategy, we are the largest multi-commodity mining and metals company in the Middle East and one of the fastest-growing mining companies in the world.
We have developed a diverse portfolio across phosphates, aluminium, gold and copper; operating 17 sites, employing 6,800+ team members and exporting to over 30 countries. Our future ambitions remain bold as we strive for growth and innovation, setting newbenchmarks.
Explore our journey through our interactive timeline.
1997
- Our journey began when we were established by royal decree and opened our first gold mine Mahd Al Dhahab.
2003
- Launched operations at the Bulgah gold mine, expanding our footprint in precious metals production.
2007
- Established Maaden Phosphate Company in partnership with SABIC, pioneering Saudi Arabia’s role in global fertilizer markets.
2008
- Floated shares on the Saudi Stock Exchange (Tadawul), inviting public investment and propelling us into a new era of growth and innovation.
2009
- Established Maaden Aluminum Company in partnership with Alcoa, the region’s first fully integrated aluminum complex, driving industrial innovation in Saudi Arabia.
2011
- Maaden Ammonia plant started commercial production, enhancing value creation in downstream industries.
2013
- Established Maaden Wa’ad Al Shamal Phosphate Company (MWPC) in collaboration with Mosaic and SABIC, a significant leap in the Kingdom’s phosphate ambitions and regional economic development.
2014
- Launched Barrick Copper Company and celebrated the start of operations at our aluminum rolling mill in Ras Al Khair, advancing our integrated value chain.
2018
- A milestone moment: the Public Investment Fund (PIF) consolidated its strategic interest in Ma’aden, solidifying our alignment with Vision 2030’s transformative goals.
2020
- Construction began on the Mansourah Massarah gold mine and processing plant, a flagship gold site with sustainable and cutting-edge mining practices.
2021
- Our Board of Directors approved the Ma’aden 2040 Strategy, charting an ambitious path to sustainable growth, technological leadership, and global mining excellence.
2023
- We embarked on a new era of investment and innovation by launching Manara Minerals, a pioneering joint venture with PIF, to strengthen our global mining footprint and secure future-facing resources.
