Ma aden financial statements. 04. I would like to thank the entire Ma’aden team, the board, and our partners for a successful 2021. l{y 1 audit matter . 06. Ma’aden: Water Stewardship. The transformation initiated a year ago is showing results. In recent years, Ma’aden has completed a big wave of growth, establishing a strong and modern asset base 1. SR) stock quote, history, news and other vital information to help you with your stock trading and investing. Ma’aden is a company committed to being a sustainable mining champion with Feb 14, 2011 · Contact Information. As a leader in the mining industry, Ma’aden plays a key role in the transformation of the Saudi economy under Vision 2030. Digitalization In 2021, as we transitioned into the post-COVID era, digital has been further embedded into new ways of working across all activities. it' Aug 11, 2022 · Saudi Arabian Mining Co. Development of the port in Ras Al Statement of Directors’ responsibilities 3 Independent auditor’s review report 4 Consolidated interim statement of profit or loss and other comprehensive income 5-6 Consolidated interim statement of financial position 7 Consolidated interim statement of changes in equity 8-9 Consolidated interim statement of cash flows 10-11 Background Ma’aden Aluminium is the only fully integrated Aluminum producer in the Gulf, and one of the largest such producers in the world. 02B in Q2: 6 M: 2024: Maaden Q1 2024 profit jumps to SAR 981. 5 billion in exchange for Mosaic's current 25 percent stake in Ma'aden Wa'ad Al Shamal Phosphate Company, a joint venture among Company (Ma’aden)(the "Company"). This presentation contains statements that are, or may be deemed to be, forward looking statements, including statements about the beliefs and expectations of the Saudi Arabian Mining Company Ma’aden(the "Company"). With this in mind, we have developed and is implementing a holistic Safety Culture Transformation Program to drive behavioral change at Ma’aden. Look through the Ma'aden annual report 2020 and learn more. sa Company (Ma’aden) (the "Company"). 5. 2 billion, from SAR 1. He is a Chartered Accountant with over 30 years of experience in finance, strategy and business development in various executive leadership positions. 7M. SR), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. 9 million riyals ($93. 02. 5 million from its own resources for the exploration. 00 0. sa Contact Information. Our Sustainability Framework Investor Relations. 2008. com. To Access this Content, Please Login or Ma’aden continues to strive for ever-higher standards to achieve its mission. The business is in good shape as we continue to drive efficiencies and take proactive measures to address the changing environment. Ma'aden's mission is to lead the development of the mining industry in Saudi Arabia, by maximizing the value of the mineral resources, while developing to be a Saudi Global Mining Giant. Looking ahead, we will leverage our strong fundamentals to build Ma’aden into a global mining powerhouse. May 13, 2024 · Maaden Q1 2024 profit jumps to SAR 981. 08. sa Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. . The report contains sections on sustainability, governance, resources and reserves, and financial statements to provide a comprehensive overview of Ma'aden's performance and priorities for stakeholders. 57B in 2023; Q4 at SAR 890. During the period, Ma’aden contributed SAR 4. 2 of 40. 6$8', $5$%,$1 0,1,1* &203$1< 0$ $'(1 $ 6dxgl $udeldq mrlqw vwrfn frpsdq\ &rqvrolgdwhg vwdwhphqw ri surilw ru orvv dqg rwkhu frpsuhkhqvlyh lqfrph Consolitaed Financial Statement. R esults Centre Statement of Directors’ responsibilities 3 Independent auditor’s review report 4 Consolidated interim statement of profit or loss and other comprehensive income 5-6 Consolidated interim statement of financial position 7 Consolidated interim statement of changes in equity 8-9 Consolidated interim statement of cash flows 10-11 (Ma’aden) Robert Wilt, Ma’aden CEO: “Ma’adendelivered its safest and most profitable year ever. Previously, Louis held the position of Group Chief Financial Officer of TSX-listed and FTSE-listed Endeavour Mining. Such information is provided as the Company believes they are Ma’aden I Saudi Arabian Mining Company 02 Annual report 2011 This annual report has been prepared based on the information available to Saudi Arabian Mining Company and its subs To the shareholders of Saudi Arabian Mining Company (Ma’aden): (A Saudi Arabian Joint Stock Company) Introduction We have reviewed the accompanying consolidated interim statement of financial position of Saudi Arabian Mining Company (Ma’aden) (the “Company”) and its subsidiaries (collectively referred to as Apr 30, 2024 · TAMPA, FL / ACCESSWIRE / April 30, 2024 / The Mosaic Company (NYSE:MOS) announced today that it has entered into an agreement with the Saudi Arabian Mining Company ("Ma'aden") under which Mosaic will receive 111,012,433 shares of Ma'aden valued at approximately $1. To Access this Content, Please Login Or Register. Financial Planning & Analysis I Financial Control I Financial Reporting · More than Eleven years of diversified experience in Financial Planning & Analysis, Financial Reporting, Budgeting, Cost Control , Financial Modelling, External & Internal Audit. Ma’aden Our Year in Numbers Our Strategic Approach. This Framework, which adopts leading global standards and practices, has been increasingly integrated across all business units in 2021. ·, How our audit arldr ssed the Key au'. It posted a 160 per cent increase in profitability for H1 2024 This presentation contains statements that are, or may be deemed to be, forward looking statements, including statements about the beliefs and expectations of the Saudi Arabian Mining Company Ma’aden(the "Company"). Q2 2022 net profit increased by 85% quarter on quarter to SAR 4. responsibilities of the management and those of the independent auditors in relation to the consolidated financial statements of Saudi Arabian Mining Company (Ma’aden) and its subsidiaries (“the Group”) The management is responsible for the preparation of the consolidated financial statements that present fairly the Non-IFRS financial measures Some of the financial information included in this presentation is derived from Ma’aden consolidated financial statements but are not terms defined within the International Financial Reporting Standards (IFRS) as applied In the Kingdom of Saudi Arabia. 5%. Approve the Board of Directors recommendation not to distribute dividends for the year ended 31/12/2016. Ma'aden’s vision is to be a “Sustainable mining champion with global presence”. 2007. Report : Interim: Year: Maaden profit soars to SAR 2B in H1 2024, SAR 1. Feb 28, 2022 · Robert Wilt, CEO, Ma’aden commented on the results: “The year 2021 was a record and successful year for us; favorable macro-economic conditions resulting from high commodity prices and high demand for our products contributed to the increase in Ma’aden’s sales and net profits, These results come as a strong supporter that contributes to 2021 was a pivotal year for Ma’aden, and I am privileged to have been able to lead the company through this period. 7M: 3 M: 2024: Maaden net profit slumps 83% to SAR 1. Ma’aden: Protecting People, Places, and Planet. 10 billion in Q3 2022. 9 billion a year earlier. Mining Company (Ma’aden) is pleased to present its Report for the fiscal year ended on 31 December 2022, which contains information on the activities and businesses related to its 2022 operational and financial performance in addition to its annual financial statements, to enhance Ma’aden’s communications with its shareholders and Mar 1, 2022 · Ma'aden reported record financial results for the year 2021, with net profits increasing year on year from a loss of SAR 209 million in 2020 to net profit of SAR 5,227 million in 2021, off the back of strong growth in sales, which stand at SAR 26,769 million for 2021. c) Ma’aden established a wholly owned company named Ma’aden Strategic Minerals Mining Company (“MSMM”) with a share capital of SAR 1 million. consent of Ma’aden’s management. As Ma'aden works to further develop its community engagement, Ma'aden will promote the social fund and publish its audited, improve engagement with both internal and external stakeholders, and develop local content and context by increasing local purchasing, building local Establishment of Ma’aden Aluminium Company – a joint venture with Alcoa. consent of Ma’aden’smanagement. The profit surge was spurred by higher average realized selling prices of all products, better sales volume mainly from ammonia, ammonia phosphate fertilizers, primary aluminum, industrial mineral products and Meridian Consolidated MA’ADEN is making steady progress toward achieving its goal to become a global mining giant and a sustainable contributor toSaudi Arabia’s Vision 2030. Ma’aden is also publishing detailed information on activities and businesses related to its operational and finanacial performance in its 2018 annual report which contains the consolidated annual financial statements for the year ended 31 December 2018, to enhance Ma’aden’s communications with its shareholders and other stakeholders. Consolitaed Financial Statement. 6$8', $5$%,$1 0,1,1* &203$1< 0$ $'(1 $ 6dxgl $udeldq mrlqw vwrfn frpsdq\ &rqvrolgdwhg vwdwhphqw ri surilw ru orvv dqg rwkhu frpsuhkhqvlyh lqfrph Contact Information. It is three interconnected companies that combine Mining, Refining, Smelting, Casting, and Rolling - offering a fully integrated value chain from bauxite mine to product, to market. Annual Report 2023. Contact Information. Such information is provided as the Company believes they are Wa'ad Al Shamal is a great example of Ma'aden's success in working closely with partners to build a world-class industrial city. Such information is provided as the Company believes they are Ma’aden’s long-term strategy was shaped with very clear goals which have led to sustainable growth in sales and penetration of all major markets. Approve the Consolidated Financial Statements for the year ended on 31/12/2016. Mineral Resources and Responsibility In 2021, Maaden operated twelve Feb 5, 2021 · Saudi Arabian Mining Company (Ma'aden) (Symbol: 1211) (ISIN: SA123GA0ITH7), one of the fastest growing global mining companies and the largest multi-commodity mining and metals company in the Middle East, today reported its financial results for the period ended 31st December 2020. Sequentially, net profit retreated 51. Saudi Arabia has a significant mineral potential that is relatively underexplored compared to other mature mining markets, with $2. sa Arabian Mining Company (Ma’aden) Report on the audit of the consolidated financial statements Our opinion In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of Saudi Arabian Mining Company (Ma’aden) (the “Company”) and its consent of Ma’aden’s management. 05. 0 billion and by 232% for H1 2022 against same period last year to reach SAR 6. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Approve the Board of Directors report for the year ended 31/12/2016. Non-IFRS financial measures Some of the financial information included in this presentation is derived from Ma’adenconsolidated financial statements but are not terms defined This presentation contains statements that are, or may be deemed to be, forward looking statements, including statements about the beliefs and expectations of Saudi Arabian Mining Company (Ma’aden)(the "Company"). Ma’aden TRI mission is to enable the 2040 strategy through balanced portfolio between emerging and mature technologies. Ma'aden seeks to be a welcomed neighbor in an empowered ecosystem. In Saudi Arabia’s desert climate groundwater is a valuable and Oct 25, 2018 · Saudi Arabian Mining Co <1211. Feb 13, 2023 · The fourth-quarter net profit after Zakat and tax fell 51% to SAR 1. Fifty percent of Ma’aden’s shares were floated on the Saudi Stock Exchange (Tadawul). Non-IFRS financial measures Some of the financial information included in this presentation is derived from Ma’aden consolidated financial statements but are not terms defined within the International Financial Reporting Standards (IFRS) as applied In the Kingdom of Saudi Arabia. 5 trillion worth of unexplored mineral assets. 1% 160% Mining Giants1 10. Ma'aden pioneered the mining industry in Saudi Arabia, building a world-class, unique and fully integrated mining value chain. Non-IFRS financial measures Some of the financial information included in this presentation is derived from Ma’aden consolidated financial statements but are not terms Contact Information. SE> (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the Consolitaed Financial Statement. 2 billion . it' Ma’aden continues to strive for ever-higher standards to achieve its mission. عرض ملف Christopher Hebrio الشخصي على LinkedIn، وهو مجتمع احترافي يضم مليار عضو. <br><br>Working as Director Finance and budgeting / Financial controller (reporting to VP Finance / CFO) in central finance of Aluminium group consisting of three companies viz Saudi Arabian Mining Company ("Ma’aden") (the "Company") was formed as a Saudi Arabian joint Notes to the consolidated financial statements for the year ended Ma’aden has a strong foundation for sustainable growth and development; Ma’aden is a low-cost producer with access to high-quality ore deposits. This continued in 2021. The new industrial city was inaugurated by Saudi Arabia's King Salman Bin Abdulaziz Al Saud on 22 November, 2018. While the company is mindful of the need to maintain financial discipline Ma’aden intends to keep the flexibility to pursue growth and to create shareholder value. sa audit of the consolidated financial statements of the current period. 0% 140% Ma’aden IPO 120% Pure players2 7. Ma’aden will contribute amount totaling to SAR 28. The mining sector contributes US $26 billion to Saudi Arabia’s GDP, and has created 90,000 jobs. Aug 11, 2024 · RIYADH: Saudi Arabian Mining Co. These statements are based on the Company's current plans, estimates and projections, as well as its 6$8', $5$%,$1 0,1,1* &203$1< 0$ $'(1 $ 6dxgl $udeldq mrlqw vwrfn frpsdq\ &rqvrolgdwhg lqwhulp ilqdqfldo vwdwhphqwv iru wkh txduwhu dqg qlqh prqwkv hqghg 6hswhpehu Damar. 1211 42. sa M a’aden Wa’ad Al Shamal Phosphate Company (MWSPC) MWSPC is a USD 8 billion (SAR 31 billion) joint venture investment of which Ma’aden owns 60%. 09 billion in the year-earlier period. reported an over threefold rise in H1 2022 net profit after Zakat and tax to SAR 6. 3. Ma'aden Close menu. Saudi Arabian Mining Company (Ma’aden) Investor Presentation –Q1 2020 Results. We are clear – our success is also Saudi Arabia’s success. These statements are based on the Company's current plans, estimates and projections, as well as its Aug 12, 2024 · Ma’aden, Saudi Arabia’s leading mining company, reported a triple digit rise in profitability for the first half of the year. Al Amar gold mine begins commercial operation. 10. Ma'aden has adopted a balanced growth strategy to reach the level of value creation that is comparable with other globally diversified mining companies. O. Strategic Review Ma’aden Notes to the consolidated financial statements Non-IFRS financial measures Some of the financial information included in this presentation is derived from Ma’aden consolidated financial statements but are not terms defined within the International Financial Reporting Standards (IFRS) as applied In the Kingdom of Saudi Arabia. Non-IFRS Financial Measures Some of the financial information included in this presentation is derived from Ma’adenconsolidated financial statements but are not terms Aug 11, 2022 · Riyadh – Saudi Arabia: Saudi Arabian Mining Company (Ma’aden), the Kingdom’s mining champion, listed on the Saudi Exchange, today announces its Q2 and H1 2022 financial results. Growing a Saudi Global Mining Giant. Such information is provided as the Company believes they are Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. Non-IFRS Financial Measures Some of the financial information included in this presentation is derived from Ma’aden consolidated financial statements but are not terms Consolidated financial statements for the year ended 31 December 2020 1 Contents Page Administration and contact details 2 Statement of Directors’ responsibilities 3 Independent auditor’s report 4-9 Consolidated statement of profit or loss and other comprehensive income 10-11 Consolidated statement of financial position 12 consent of Ma’aden’smanagement. 6% and milled tons exceeded targets by 10. P. Ma’aden has a strong foundation for sustainable growth and development; Ma’aden is a low-cost producer with access to high-quality ore deposits. 5 Find out all the key statistics for Saudi Arabian Mining Company (Ma'aden) (1211. 2. Such information is provided as the Company believes they are May 22, 2023 · RIYADH - Saudi Arabian Mining Company (“Ma’aden” or the “Company”, 1211 on the Saudi Exchange), the largest multi-commodity mining and metals company in the Middle East, today reported its financial results for the quarter ended 31 March 2023. The Ma’aden’s Wa’ad Al Shamal Fertilizer Production Complex is located in Wa’ad Al Shamal Minerals Industrial City, in the Northern Province of Saudi Arabia. 07. 2006. Detailed disclosure of Ma’aden financial performance in 2023. reported a net profit of SAR 981. Overview At a Glance Where We Operate Year in Review. Such information is provided as the Company believes they are Consolidated Financial Statements Consolitaed Financial Statement. 09. sa Find the latest Saudi Arabian Mining Company (Ma'aden) (1211. Our Strategic Approach. 01. BOX 68861 Riyadh 11537; Kingdom of Saudi Arabia; Tel: +966 (0) 11 874 8000; Fax: +966 (0) 11 874 8300; info@maaden. Download. 00 % Explore with. 3% from just over 4 billion riyals a year prior, the firm said in a stock exchange filing. We end the year in a very strong financial position, with exciting plans for the future. Vice President Finance, Ma'aden · Summary of experience:<br>A qualified chartered accountant (CA) and master of commerce, having exposure in all core areas of financial and management accounting. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. 01 billion, from SAR 2. These statements are based on the Company's current plans, estimates and projections, as well as its expectations of external conditions and events. The business has proven that it can deliver value in difficult situations for consumers, shareholders, employees, and the Kingdom. 7 million for Q1 2024, from SAR 419. · الخبرة: Ma'aden · التعليم: The Institute of Chartered Accountants of India · الموقع: رأس الخير SAUDI ARABIAN MINING COMPANY (MA’ADEN) (A Saudi Arabian joint stock company) Condensed consolidated interim financial statements for the quarter ended 31 March 2024 (Unaudited) Louis Irvine joined MA’ADEN in May 2022 as Chief Financial Officer. Lead Accountant, Financial Planning and Analysis at Ma'aden Aluminum Company · الخبرة: Ma'aden Aluminium Company · الموقع: السعودية · أكثر من ٥٠٠ زميل على LinkedIn. 0. We are now firmly established as one of the world’s largest producers of phosphates - responsible for 18% of global annual trade. 30. , widely known as Ma’aden, achieved a net profit of SR2 billion ($532 million) in the first half of 2024, marking a striking 160 percent increase compared to the O ur vision. Saudi Arabian Mining Co. These materials do not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Establishment of Ma’aden Phosphate Company – a joint venture with SABIC. 4. We have reviewed the accompanying condensed consolidated interim statement of financial position of Saudi Arabian Mining Company (Ma’aden) (the “Company”) and its subsidiaries (collectively referred Aug 13, 2023 · Ma'aden posted net profit of 350. O ur mission. 03. Approve the External Auditors report for the year ended 31/12/2016. This resulted in the production of a total of 339,672 oz of gold from our six mines. 4% 100% 80% Saudi INDEX 3. audit of the consolidated financial statements of the current period. 0% 60% 40% 20% 0% TASI Mining Giants1 Non-IFRS financial measures Some of the financial information included in this presentation is derived from Ma’aden consolidated financial statements but are not terms defined within the International Financial Reporting Standards (IFRS) as applied In the Kingdom of Saudi Arabia. Notes to the consolidated financial statements for the year ended 31 December 2018 (All Ma'aden Close menu. MAADEN Financial statement TASI. SAUDI ARABIAN MINING COMPANY (MA’ADEN) (A Saudi Arabian joint stock company) Condensed consolidated interim financial statements for the quarter and nine months ended 30 September 2022 (Unaudited) In the last two years, Ma'aden has shown its resilience to withstand enormously disruptive global events. Under Ma’aden Strategy 2025, our Environment, Health, Safety and the Security Strategic Direction is to build a positive safety culture and a workplace that is free of incidents and injuries. Ma'aden - Annual Report. 4 million in the prior-year period. The Framework sets out a roadmap to address eight major sustainability goals including health safety and security, water stewardship, climate change, biodiversity, and materials management. 4M The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it Ma’aden’s Team is a Group of Today, Planning for Tomorrow 20-29 Notes to the consolidated financial statements 145 01 06 05 02 07 03 08 09 11 10 04 12 Contents. To the shareholders of Saudi Arabian Mining Company (Ma’aden): (A Saudi Arabian Joint Stock Company) Introduction . Looking ahead, we are focused on sustainable Dec 31, 2017 · Maaden 2018 Annual Report English. 7% from SAR 2. 3 million as investment in MBC2. Such information is provided as the Company believes they are Ma’aden’s Team is a Group of Today, Planning for Tomorrow 20-29 Notes to the consolidated financial statements 145 01 06 05 02 07 03 08 09 11 10 04 12 Contents. 5 Apr 30, 2024 · TAMPA, FL / ACCESSWIRE / April 30, 2024 / The Mosaic Company (NYSE:MOS) announced today that it has entered into an agreement with the Saudi Arabian Mining Company ("Ma'aden") under which Mosaic In 2021, Ma’aden’s gold recovery exceeded targets by 5. 53 million) in the second quarter, down 91. Strategic Review Ma’aden Notes to the consolidated financial statements Contact Information. Ma’aden’s outperformed peers and the market Share price returns (indexed to 100) Ma’aden 2019 Equity increase (Debt for Annualized return since the IPO 260% Ma’aden 2014 Equity swap) (in percent) 240% Rights issue 250 M Share 220% 200% 180% Ma’aden 11. jdzapohubqtfvovcahiskskvwlrdjnaqkbiutndyfaxsxgbxilizf