Maaden eyes to grow earnings 10 times by 2040: CEO

Robert Wilt CEO of Maaden

Saudi Arabian Mining Co. (Maaden) aims to grow its earnings before interest and tax (EBIT) 10 times by 2040, CEO Robert Wilt said.

Maaden is going to unearth the potentials of the Kingdom and find the minerals and metals that are required to decarbonize the world, so as to be carbon neutral by 2050, Wilt explained, adding that Maaden will do these through a plan that makes sense for the future and a sustainable business model.

Maaden has set strategic pillars for these plans, mainly Environmental, Social, and Governance (ESG). Saudi Arabia is moving at a fast pace and wants to take a leadership role in the world.

Maaden will develop capabilities and build its infrastructure in emerging markets. There is a great opportunity for business leaders in metals and mining Maaden is striving to become the role model for ESG in Saudi Arabia with its sustainable business strategy, Wilt concluded.

Robert Wilt, CEO of @MaadenKSA, speaks about how the metals and mining company is striving to become the role model for #ESG in Saudi Arabia with its sustainable business strategy.#PIFGlobalinsights pic.twitter.com/jLeDVt33O9

— Public Investment Fund (@PIF_en) September 1, 2022