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Ma'aden records record profits

The Saudi mining company Ma’aden has reported record profits thanks to rising product prices, as chief executive Robert Wilt announces that “the transformation initiated a year ago is showing results”.

Ma'aden records record profits Ma'aden records record profits Ma'aden records record profits Ma'aden records record profits Ma'aden records record profits

Ma'aden, which is 50% owned by the Saudi Arabian government, reported 2022 net profits of SAR12.13 billion (US$3.23 billion). This was an increase of 87% year-on-year.