Ma'aden
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Ma'aden - overview
Established
1997
Location
Riyadh, -, Saudi Arabia
Primary Industry
Mining
About
Ma'aden, based in Saudi Arabia, is a prominent mining company specializing in the extraction and production of phosphate, aluminum, and industrial minerals essential for various industries. Founded in 1997, Ma'aden operates in Riyadh, Saudi Arabia, focusing on mining and metal production. The company has experienced strategic growth, notably when the Public Investment Fund acquired a 65. 44% majority stake in a PIPE deal in June 2018.
The current CEOs are Abdulaziz Harbi, Bob Wilt, Engr. Al-Mudaife, and Khaled Saleh Al Mudaifer. Ma'aden offers a range of high-quality products, including phosphate fertilizers vital for agriculture and aluminum materials used in construction and transportation. Their customer base includes agricultural businesses, industrial manufacturers, and construction firms across North America, Europe, and Asia, catering to the demand for sustainable resource management.
For the year 2022, Ma'aden reported a revenue of USD 10,726. 70 mn and an EBITDA of USD 4,940. 20 mn, generated through B2B transactions primarily with manufacturers and large-scale agricultural operations. Ma'aden is focusing on launching new products, particularly in the phosphate and aluminum sectors, to meet increasing global demand.
The company aims to expand its market reach into North America and Asia by 2025. The funding from the PIPE deal in 2018 will support these initiatives, strengthening their infrastructure and production capabilities.
Current Investors
Public Investment Fund
Primary Industry
Mining
Sub Industries
Metal Mining
Website
www.maaden.com.sa
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Ma'aden - timeline of key events
Ma'aden - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,514,387,952 | 5,576,655,383 | 6,047,264,545 | 10,791,882,887 | 10,956,125,938 | 9,506,241,216 | 12,085,934,170 | 14,170,759,920 | 17,736,278,586 | 18,579,823,261 | 26,769,006,109 | - | - | - |
| % Revenue Growth (YoY) | - | 268.2% | 8.4% | 78.5% | 1.5% | (13.2%) | 27.1% | 17.3% | 25.2% | 4.8% | 44.1% | - | - | - |
| EBITDA (USD) | 861,213,500 | 2,783,513,735 | 1,712,378,277 | 3,557,994,086 | 3,588,290,276 | 3,661,317,975 | 5,284,635,888 | 7,216,877,384 | 5,522,105,186 | 5,632,241,256 | 12,030,614,512 | - | - | - |
| Operating Income (USD) | 666,905,656 | 1,761,033,930 | 673,574,850 | 1,996,899,385 | 1,304,540,642 | 1,193,856,409 | 2,435,054,773 | 4,023,645,948 | 885,639,441 | 810,594,691 | 7,413,643,935 | - | - | - |
| Operating Margin | 44.0% | 31.6% | 11.1% | 18.5% | 11.9% | 12.6% | 20.1% | 28.4% | 5.0% | 4.4% | 27.7% | - | - | - |
| % EBITDA Margin | 56.9% | 49.9% | 28.3% | 33.0% | 32.8% | 38.5% | 43.7% | 50.9% | 31.1% | 30.3% | 44.9% | - | - | - |
| NET Income (USD) | 538,079,309 | 1,479,827,114 | 1,816,075,547 | 1,736,629,324 | 808,076,575 | 400,565,668 | 784,445,195 | 2,245,635,424 | (1,528,137,524) | (847,357,358) | 6,481,364,965 | - | - | - |
| % Net Margin | 35.5% | 26.5% | 30.0% | 16.1% | 7.4% | 4.2% | 6.5% | 15.8% | (8.6%) | (4.6%) | 24.2% | - | - | - |
Ma'aden - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, LP Direct | Completed | Ma’aden Wa’ad Al Shamal Phosphate Company | - | ||||||||
| Trade Sale | Completed | Meridian Group | - | ||||||||
| LP Direct, PIPE | Completed | Ma'aden | - |
Displaying 1 - 3 of 3
Ma'aden - employee data
Ma'aden - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| General Manager/Board Member | BM |
BM Board Member
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