SR.No: 48
Saudi Arabian Mining Co. (Ma’aden)
Sector: Industrials
Date of Establishment: 1997
Country: Saudi Arabia
Acting CEO: Abdulaziz bin Asker Al Harbi
Sales: $4.9 billion
Profits: $-226 million
Assets: $25.8 billion
Market Value: $18.8 billion
Founded in 1997, Ma’aden is the largest mining company in the Middle East. It was wholly owned by the Saudi government until 2008, when half of its shares were floated on Tadawul. In June 2018, Saudi’s Public Investment Fund increased its shareholding to 67.2%.