Maaden international investment llc

Maaden international investment llc. Ma’aden is the leading mining and metals company in Saudi Arabia, and the tenth largest mining company in the world according to market capitalization. Jul 26, 2024 · Investment 2. . 42 ounces of Gold in 2022. 9% stake (113,201,189 shares) was acquired from Powerboom Investments Limited, a subsidiary of ICT Holding Limited (“ICT Holding”) by Maaden International Investment (the “Buyer”), which is a company 100% owned by a consortium of investors from the Jan 29, 2024 · The buyer, Maaden International Investment, “has confirmed its full support of Polymetal’s strategy, which includes de-risking the company’s business by disposing its Russian operation and Jan 28, 2024 · Maaden International Investment LLC and Omani investors acquired 23. 29 October - 31 October 2024; ICC Sydney; Tuesday, 29 October: 9:00am - 5:30pm; Wednesday, 30 October: 9:00am - 5:30pm; Thursday, 31 October: 9:00am - 4:00pm Jan 29, 2024 · A consortium of Omani investors, led by the Omani government-owned fund Mercury Investments International, acquired 113,201,189 shares through Mercury’s subsidiary Maaden International Jan 29, 2024 · Maaden International Investment LLC. • Commissioning activities ongoing at Mansourah-Massarah, Ma’aden’s largest gold project expected to produce an average of 250,000 ounces Jun 13, 2021 · Contact Information. 5 million. 9% stake (113,201,189 shares) was acquired from Powerboom Investments Limited, a subsidiary of ICT Holding Limited (“ICT Holding”) by Maaden International Investment LLC (the “Buyer”), which is a company 100% owned by a consortium of investors from the Jan 29, 2024 · Maaden International Investment LLC and Omani investors acquired 23. Jan 11, 2023 · Saudi Arabia will establish a firm to invest in mining assets internationally, as the kingdom seeks to diversify its economy from oil and secure access to strategic minerals. Jan 23, 2023 · Ma’aden penned an agreement worth SAR 1. com Apr 29, 2024 · Saudi Arabian Mining Company (Ma'aden), the largest multi-commodity firm in the Middle East, has been certified by the international assessor DNV as having produced 614,000 tonnes of ultra low carbon ammonia, representing the largest quantity accredited in the world to date. International Investment Group Holdings LLC. 9% of common shares outstanding, at a purchase price of $12. 9% stake (113,201,189 shares) held by Powerboom Investments Limited, a subsidiary of ICT Holding Limited, has been acquired by Maaden International Investment LLC, a company 100% owned by a consortium of investors from the Sultanate of Oman, led by Mercury Investments International LLC. SE> (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the Jan 15, 2023 · About Aluminium International Today. Russian Nesis sells gold producer to Oman’s Mars Development Aya El Sayed Jan 29, Jan 11, 2023 · Riyadh: Saudi Arabia’s Public Investment Fund (PIF) and the Saudi Arabian Mining Company (Ma’aden) have signed a joint venture agreement to set up a new company that aims to invest in mining The Omani fund, Mercury Investments, has acquired nearly 24% of Polymetal from Alexander Nesis's ICT Holding through its subsidiary Maaden International Investment LLC. Jan 3, 2024 · Maaden International Investment LLC and Omani investors acquired 23. For further information please contact: Media Relations, Phone: (201) 512-8701, E-mail: media@drosrite-international. Ma'aden complies with the highest international standards of corporate governance and continues to build the company operations on a strong foundation of sustainable practices. Jan 12, 2023 · Saudi Arabia’s Public Investment Fund (PIF) and the Saudi Arabian Mining Company (Ma’aden) have signed a joint venture (JV) agreement to establish a new company that will invest in mining assets globally, to secure strategic minerals that are essential for Saudi Arabia’s industrial development, as well as the resilience of global supply chains. 04 billion ($278 million) with WorleyParsons Arabia Limited and JESA International S. Jan 15, 2024 · Riyadh: Saudi Arabian mining company Ma'aden have partnered with digital reality solutions company Hexagon to launch the region's first digital mine. E. 21 billion, up 71% on FY21 • Financial position strengthened with long-term borrowings and net debt reduced by 12% and 34% respectively from December 2021 May 9, 2024 · Despite a grim 2023, SAUDI ARABIAN MINING (Maaden) stock remains very popular among Saudia investors and top-performing international funds. 796. Jul 25, 2023 · Maaden International Investment LLC and Omani investors acquired 23. Details of the Connected Person: Name Maaden International Investment LLC PO-Box 89 103 North Alkhuwair Address Feb 3, 2024 · An Omani state-backed fund bought ICT Holdings’ entire shares in a gold producer. 12 billion) in 2023. Jan 13, 2023 · The Public Investment Fund (PIF) and the Saudi Arabian mining company (Ma’aden), one of the world's fastest-growing mining companies, has announced, during the opening of the Future Minerals Forum, the signing of a joint venture (JV) agreement to establish a new company that aims to invest in mining assets globally to secure strategic minerals that are essential for Saudi Arabia’s Jan 29, 2024 · ICT’s unit closed the deal to sell 23. It operates 17 mines and exports to more than 30 countries. Ittihad International Investment LLC partners with Renoir Consulting to develop ESG framework and roadmap Recent Comments A WordPress Commenter on We are proud to share that our employees just completed a successful community clean up campaign in collaboration with هيئة المساهمات المجتمعية – معاً! Key Activities Ma’aden’s position has continued to increase year on year through expansion and prudent investment. info@iigholdings. sa Contact Information. Also known as Ma’aden, the About Dubai International Investment At our company, we take pride in leading the Dubai investment market, offering innovative, future-focused solutions for visionary investors. With a proven track record of success and deep knowledge of the local market, our company is committed to guiding our clients towards new opportunities for growth and Aug 10, 2023 · The Saudi Arabian Mining Company (Maaden) received its first credit ratings from Moody's at "Baa1" and Fitch Ratings at "BBB+" with a "stable" outlook. The new industrial city was inaugurated by Saudi Arabia's King Salman Bin Abdulaziz Al Saud on 22 November, 2018. H. 40 West 57th Street 29th Floor New York, NY 10019 P. drosrite Contact Information. The actions also follow recent credit rating upgrades for Saudi Arabia, in line with the positive momentum generated by significant reforms driving the Kingdom’s Vision 2030. X8gc8hDhd_ibZQXykF0WVgjZagr1r_FbZsBE-OYdov557zDZMcZPmL47EQ Holding”) by Maaden International Investment (the “Buyer”), which is a company 100% owned by a consortium of investors from the Sultanate of Oman, led by Mercury Investments International. 53 million) in the second quarter, down 91. 63 million, from its own resources. PIF now holds 65. 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. As a result of the deal, ICT Holding is no longer a Polymetal shareholder, and ICT representative Konstantin Yanakov has resigned from Polymetal’s board of directors, Polymetal said. [2] Since 2008, Ittihad International Investment LLC has established and invested in 20+ portfolio businesses in the MENA region and high value markets internationally, spanning Consumer Goods Manufacturing, Infrastructure and Building Materials, Utilities, Environmental Services, Healthcare and others. 6 g/t gold in two random drilling sites 400 meters from and under Mansourah Massarah Ittihad International Investment LLC is building a remarkable legacy as the leading alternative investment group in the UAE. Jan 29 Aktsionernoye Obshchestvo Parus Msk acquired 9. Jan 28, 2024 · Maaden International Investment LLC and Omani investors acquired 23. The new company’s initial paid-up capital will stand at SAR 187. The 23. Jan 29, 2024 · В свою очередь Maaden International Investment LLC является специально учрежденной структурой для финансовых инвестиций MII LLC в отрасль природных ресурсов, включая металлургию и горнодобывающую MPC can produce 3 million tons of Di-Ammonium Phosphate annually, most of which is sold in the international markets. 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%. May 15, 2023 · Ma’aden’s Strategic Investment into Ivanhoe Electric At closing, Ivanhoe Electric expects to issue approximately 10. Financial terms were not disclosed. com. Start of commercial production at the Ad Duwayhi plant. Jan 11, 2023 · Yazeed Alhumied, Deputy Governor and Head of MENA Investments at PIF, said: “PIF and Ma’aden combine extensive investment expertise with deep sector knowledge. Jun 3, 2023 · RIYADH: With metals and mining being identified as one of the 13 strategic sectors to focus on to achieve the goals outlined in Vision 2030, the Kingdom’s sovereign wealth fund’s joint venture 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. com ©2023 by Maaden International Recycling. Manara Minerals Investment Company (Manara) is a new venture between the Saudi Arabian Mining Company (Ma’aden) and the Public Investment Fund (PIF) to invest in mining assets globally and support the development of resilient global supply chains. The new company will significantly contribute to strengthening Saudi Arabia’s strategic position as an important link in the global supply chain in line with PIF’s strategy to Oct 25, 2018 · Saudi Arabian Mining Co <1211. LKdvq3mxJLXsD3KD-Bp-J1ibPUeEnb42KIsWk9B0xac. Jan 12, 2023 · Saudi state-owned mining Ma’aden has signed an agreement to form a joint venture (JV) with the kingdom’s Public Investment Fund (PIF) to secure strategic minerals by investing in global mining assets. sa On 20 December 2009, Ma'aden signed an agreement with US aluminium giant Alcoa to build a $10. Jan 12, 2023 · Saudi mining house Ma’aden has announced the signing of an Engineering, Procurement and Construction Management (EPCM) services contract with WorleyParsons Arabia Ltd and JESA International SA. Ittihad develops, manages and operates a diversified, non oil and gas portfolio across the industrial, infrastructure, healthcare and environmental services sectors. Oct 25, 2023 · Ma’aden is 67% owned by the Public Investment Fund (PIF), the kingdom's sovereign wealth fund, and recently launched Manara Minerals, a joint venture with the PIF, to invest in mining assets abroad. MA'ADEN (Saudi Arabian Mining Co. Yasir Bin Othman Al-Rumayyan. BOX 68861 Riyadh 11537 Kingdom of Saudi Arabia Tel: +966 (011) 874 8000 Fax: +966 (011) 874 8300 May 22, 2023 · • Strategic partnership with Shareek to support growth across Ma’aden’s asset portfolio and with the Ministry of Investment to accelerate delivery of the Ma’aden’s Phosphate 3 mega project. As the national champion for the mining industry, Ma’aden is committed to maximizing the contribution of the mining industry to the Saudi Arabian economy through investments in labour, goods, services, assets and technology in line with the national Vision 2030. 9 percent stake was bought for an undisclosed sum from Powerboom Investments, a subsidiary of ICT Holding, which is owned by the Russian businessman Alexander Nesis. The Jan 29, 2024 · A consortium of Omani investors, led by the Omani government-owned fund Mercury Investments International, acquired 113,201,189 shares through Mercury's subsidiary Maaden International Investment Jul 30, 2023 · Saudi Arabian Mining Company , known as Ma'aden, has agreed to acquire a 10% stake in Brazil's base metals company Vale, it said in a bourse statement on Sunday, as part of a strategy to invest in Polymetal International plc (“Polymetal” or the “Company”) announces that 23. Jan 11, 2023 · The partners will provide $3. P. 8 million tonnes per year aluminium refinery and a 750,000 tonnes per year smelter in Ras Al-Zour. Maaden International Investment ac5489c2e412e. sa Mar 4, 2021 · Ma’aden, which is 65% owned by the Saudi sovereign fund, the Public Investment Fund, is seen as central to Saudi Arabia’s plan to more than triple mining’s contribution to the nation’s economic output by 2030 as it diversifies from hydrocarbons. Maaden International Recycling. Al Amar Mine produced 27,443. 8 billion (SAR 41 billion) investment in the world’s first Fully Integrated High Efficiency Aluminium Production Complex located in Ras Al Khair Industrial City in the Eastern Province of Saudi Arabia. 1%) are Joint Venture Partners in a USD 10. Together we have set up, Environmentally friendly Aluminum Dross processing plant at Sohar to exclusively cater to the local dross producers and help reduce their carbon foot print. sa Jan 11, 2023 · RIYADH: Saudi Arabian Mining Co. 9 million riyals ($93. Info@maadenrecycling. Jan 29, 2024 · Maaden International Investment LLC, the buyer, fully supports Polymetal’s strategy, which involves reducing the company’s risk by selling its Russian operation and expanding its assets in Kazakhstan and beyond, according to Polymetal’s CEO, Vitaly Nesis. said on Wednesday it agreed to form a joint venture with the Kingdom’s sovereign wealth fund to invest in mining assets globally. A consortium led by Oman’s government-owned fund has acquired a 23. Just as aluminium is shaped and changed into a wide range of goods, its development has transformed Ma’aden into a world-class, future-focused company. Jan 29, 2024 · The consortium, led by Maaden, acquired shares from ICT Holding's subsidiary Powerboom Investments Limited, Polymetal International said. Founded in 1984, Walden International is a venture capital firm based in San Francisco, California. Under the agreement, the two firms will build a 1. Jan 11, 2023 · Barrick Gold Corp said on Wednesday it signed new joint venture deals with Saudi Arabian Mining Co (Ma'aden) , the Gulf's largest miner, for two copper exploration projects. The firm seeks to invest in internet and digital media, semiconductors, software and information technology services and technologies sectors. Feb 26, 2024 · Maaden International Investment LLC (дочерняя компания государственного фонда Омана Mercury Investments International LLC Jan 29, 2024 · The buyer, Maaden International Investment, “has confirmed its full support of Polymetal’s strategy, which includes de-risking the company’s business by disposing its Russian operation and Jan 29, 2024 · Maaden, an investment firm, completed the acquisition of a 23. Y). Walden International General Information Company Description. Jan 11, 2023 · DUBAI, Jan 11 (Reuters) - Saudi Arabian Mining Co (Ma'aden) (1211. 9% stake in the gold and silver producer Polymetal International from the Russian company ICT Holding, according to a company statement released Monday. Jan 3, 2024 · Maaden posted a net loss of SAR83 million ($22. 2 million common shares to Ma’aden, representing 9. It is an underground mine with a Carbon-In-Leach processing facility. Maaden will finance its share of this investment, totaling SAR 95. ICT is owned by Russian billionaire Alexander Nesis, Bloomberg reports. Oct 9, 2019 · SOURCE Drosrite International LLC. 8 billion aluminium complex. The Kingdom’s Public Investment Fund (PIF) consolidated the government’s interest in Ma’aden. 7 billion ($7. 5 Mt per year of phosphate Dec 28, 2023 · Samples taken indicated the presence of high grade gold deposits of 10. 44 per cent of the company's shares. ICT shares of 23. sa • Working capital management improvements contributing to record cash generated from operations of SAR 16. BOX 68861 Riyadh 11537; Kingdom of Saudi Arabia; Tel: +966 (0) 11 874 8000; Fax: +966 (0) 11 874 8300; info@maaden. 4 grams per tonne (g/t) gold and 20. Ma’aden is becoming a key player in the long-term diversification of Saudi Arabia economy. maaden. MPC can produce 3 million tons of Di-Ammonium Phosphate annually, most of which is sold in the international markets. 50 million. It contains a digest of global news, events, and statistics as well as more detailed technical articles, company and country profiles, conference reports and regular regional economic briefings. Phosphates remain a key element of our business portfolio and we will continue to invest in and grow our fertilizer business. SE), the Gulf's largest miner, said on Wednesday it agreed to form a joint venture with the kingdom's sovereign wealth fund to Jan 12, 2023 · A new, jointly owned company will make significant investments internationally into upstream strategic minerals opportunities, securing value chains critical to industrial development and energy transition in the Kingdom. 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. A. 9% of the authorized capital) Powerboom Investments Aug 8, 2023 · The ratings affirm Ma’aden’s sustainable, leading low-cost base and robust financial profile, as local and international investment opportunities are assessed. Jan 29, 2024 · Polymetal International plc (“Polymetal” or the “Company”) announces that 23. 9%) and Alcoa (25. Jul 30, 2023 · Ma'aden aluminium factory in Ras Al-Khair industrial area near Jubail City in Saudi Arabia. Ma’aden completes first international acquisition, of Mauritius-based fertilizer company Meridian Group. 212. May 30, 2024 · Maaden International Investment LLC (дочерняя компания государственного фонда Омана Mercury Investments International LLC Jan 28, 2024 · Maaden International Investment LLC and Omani investors acquired 23. Oct 5, 2022 · Maaden International Investment LLC and Omani investors acquired 23. Ma'aden pioneered the mining industry in Saudi Arabia, building a world-class, unique and fully integrated mining value chain. 9% stake in Polymetal International plc from Powerboom Investments Limited on January 28, 2024. Ma'aden has adopted a balanced growth strategy to reach the level of value creation that is comparable with other globally diversified mining companies. 9% stake in Polymetal, an Anglo-Russian precious mining company, from ICT, an industrial-technology solutions provider. ) is a multi-commodity mining and metals company, active in gold, phosphate, fertilizer, base metals, aluminum and managing its infrastructure industry. His Excellency Yasir Bin Othman Al-Rumayyan is the Chairman of the Board of Maaden - Saudi Arabian Mining Company since the end of September 2019, the Governor of the Public Investment Fund since 2015, and serves as the advisor to the General Secretariat of the Cabinet of Ministers, a position he has held since 2016. 9% in Aug 13, 2023 · Ma'aden posted net profit of 350. Oct 18, 2020 · Ma’aden’s supply chain and market reach were strengthened by the acquisition of Meridian, an African fertilizer group, as well as through joint ventures with other international mining companies. Chairman - Non-Executive. 1 million) for the third quarter of 2023, compared with a profit of more than SAR2 billion a year earlier. 4796 E. bottom of page Industry: Industrial Investment FY22 FINANCIAL HIGHLIGHTS www. Production commenced in 2009, Al Amar mine produces high-quality gold ore rich in minerals, which is processed into Dore and Copper and Zinc concentrates for export to international markets. Money. RELATED LINK: www. Jan 29, 2024 · MUSCAT: Well-known gold producer Polymetal International plc has announced that a 23. The two ratings reflect the leading multi-commodity producer's credit strength, commercial strength, and productivity. 2015. Oct 31, 2018 · “Ma’aden’s post-IPO investments and growth were achieved in coordination with major investment by the government in key infrastructure projects. They will provide EPCM services for the construction of the Phosphate 3 complex Phase 1 project that will produce 1. International Mining and Resources Conference (IMARC) Collaborating on trends in mining, investment and innovation towards a sustainable future. MM), opens new tab, shareholder, and ICT representative Konstantin Yanakov has resigned from Polymetal's board of directors, Polymetal said. 3% from just over 4 billion riyals a year prior, the firm said in a stock exchange filing. Polymetal International plc received notification on January 28, 2024 that Maaden International Investment LLC (a subsidiary of the government-owned fund Mercury Investments International LLC (MII LLC) headed by a consortium of investors from Oman) completed the acquisition of 113201189 shares of the company (23. As a result of the deal, ICT Holding is no longer a Polymetal (POLY. While you can buy Maaden shares directly, sometimes it is worth considering an ETF with Maaden representation. Jan 30, 2024 · Oman’s Maaden International Investment has acquired almost a quarter of the Anglo-Russian gold and silver producer Polymetal International. 38 per share for gross proceeds of US$126. Aug 29, 2023 · Maaden International Investment LLC and Omani investors acquired 23. Jan 29, 2024 · AK&M 29 January 2024 12:23. 2 billion in additional funding once business develops Aluminium, one of the world’s most versatile and recyclable metals, is a fitting symbol of Ma'aden evolution as a company. Mercury Investments International is state-owned company ultimately owned by the Government of Oman. to develop an integrated production facility in Wa’ad Al Shamal (WAS) and Ras Al Khair (RAK) industrial cities. O. Saheer Ma’aden is a Joint Venture Company established in Oman between Barik International and Norton Aluminium of UK. Learn More Jan 30, 2024 · The consortium, led by Maaden, acquired shares from ICT Holding’s subsidiary Powerboom Investments Limited, Polymetal International said. The company operates several extraction sites and mines in the kingdom. 2018. 9% in Polymetal International Plc to a group led by a subsidiary of Oman’s Mercury Investments International LLC, the miner said in a statement Monday Ma’aden is the largest multi-commodity mining and metals company in the Middle East and among the fastest-growing mining companies in the world, with revenues of SAR 26. Ma’aden (74. Ma'aden | 683,518 followers on LinkedIn. 9% stake in Polymetal International plc from Powerboom Investments Limited. The mining company is 67 percent owned by the Public Investment Fund, the kingdom’s sovereign wealth fund. These investments have delivered a strong mining industry in the Kingdom, which includes the production of precious and base metals and the development of entire aluminium and phosphate value chains. BOX 68861 Riyadh 11537 Kingdom of Saudi Arabia Tel: +966 (011) 874 8000 Fax: +966 (011) 874 8300 Solidcore Resources Plc (Solidcore Resources), formerly known as Polymetal International Plc is a mining company that owns a portfolio of gold and silver producing mines, and various development and exploration projects. Learn More Contact Information. Aluminium International Today is an English language journal dedicated to the production and processing of aluminium. 46% stake in GRK Amikan LLC from Polymetal International plc (OTCPK:AUCO. We aim to achieve this vision through a focus on five strategic objectives: 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 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. Maaden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company Nov 1, 2023 · In a statement to Tadawul, Maaden said it will hold 51% of the new company and the PIF will hold the remaining 49% stake. iczor gaeh mztpg eive jnzyp hfzzgg tqft tykohy rnhu effhfz