Maaden shares hit highest level since debut

Saudi Arabian Mining Co. (Maaden) building

Shares of Saudi Arabian Mining Co. (Maaden), listed under the Materials industry group, hit today, Aug. 16, their highest level since listing, at SAR 79.90.

The stock closed 1% lower at SAR 73.80, with nearly 11.1 million shares changing hands.

The company’s Q2 2022 net profit after Zakat and tax more than tripled to SAR 4.03 billion, from SAR 1.10 billion in the prior-year period, according to data available with Argaam.

Established in 1997, Maaden was listed on the Saudi Stock Exchange (Tadawul) on July 28, 2008.

The company operates in various mining activities.

 The following table shows the most important financial indicators of the company:

The company raised its capital twice to stand currently at SAR 24.61 billion.