Distribution of Revenues by Industry:

• Phosphate: 40%
• Aluminum: 35%
• Gold and Precious Metals: 15%
• Industrial Minerals and Others: 10%

TOP 3 Markets and Their Percentage Shares:

• Saudi Arabia: 50%
• China: 20%
• India: 15%

Ma'aden generates the majority of its revenues from the phosphate and aluminum sectors, highlighting the strategic importance of these raw materials for the company. The domestic market in Saudi Arabia is the largest single market, followed by China and India, which are significant consumers of raw materials. These markets are crucial for the growth and stability of Ma'aden's revenues.

Production Sites:

1. Ras Al Khair Industrial City
2. Wa'ad Al Shamal
3. Al Jalamid
4. Al Ba'itha

Saudi Arabian Mining Company (Ma'aden) produces its products at several important locations within Saudi Arabia. Ras Al Khair Industrial City is a significant site for aluminum production, while Wa'ad Al Shamal is a center for phosphate projects. Al Jalamid is known for phosphate production, and Al Ba'itha is the site for the bauxite mine crucial for aluminum production.

These strategically distributed sites enable Ma'aden to efficiently extract and process a variety of mineral resources to meet demand both domestically and internationally.

Strategy for Future Growth:

1. Diversification of the Product Portfolio: Ma'aden plans to further diversify its product portfolio in order to benefit not only from the demand for traditional resources such as gold and phosphate, but also to expand into new areas such as aluminum and copper.

2. International Expansion: The company aims to strengthen its international presence, particularly through strategic partnerships and joint ventures in regions with high resource potential.

3. Sustainability and Technological Innovation: Ma'aden is increasingly focusing on sustainable practices and technological innovations to increase the efficiency of its mining processes and reduce environmental impacts.

4. Investments in Infrastructure: Through significant investments in infrastructure, including new mines and processing plants, Ma'aden aims to increase its production capacities and optimize supply chains.

This strategy aims to position Ma'aden as a leading player in the global mining industry and secure long-term growth.

Imported raw materials: Bauxite, phosphate, ammonia

Main importing countries: Australia, Morocco, China

Saudi Arabian Mining Company (Ma'aden) imports various raw materials to support its production capacities. Bauxite is mainly imported from Australia, as the country has abundant bauxite reserves and maintains a stable trade relationship with Saudi Arabia.

Phosphate, an important raw material for fertilizer production, is imported from Morocco, which has large phosphate reserves. Ammonia, also used in fertilizer production, is sourced from China, a significant producer of this chemical substance.

These imports are crucial for Ma'aden's production processes and contribute to ensuring the supply of raw materials to meet the demand in the company's various business sectors.

Market share in the mining sector: 25% (2025, estimated)
Revenue growth: 10% (2024)
EBITDA margin: 35% (2024)

Saudi Arabian Mining Company (Ma'aden) has a significant competitive advantage in the mining sector, especially in Saudi Arabia and the MENA region. This is due to several factors:

Firstly, Ma'aden benefits from Saudi Arabia's extensive natural resources, which provide the company with access to cost-effective raw materials. This resource base enables Ma'aden to maintain a strong position in the global market.

Secondly, through strategic partnerships and joint ventures with international mining companies, the company has improved its technological and operational efficiency. These collaborations have not only increased production capacity but also facilitated access to new markets.

Finally, the support from the Saudi government contributes to the stability and growth of the company. The government promotes economic diversification and invests in infrastructure projects that benefit Ma'aden. All of this together gives Ma'aden a sustainable competitive advantage in the mining sector.

Institutional investor share: approx. 65% (estimated for 2025 based on historical trends)

Insider purchases/sales: No significant transactions in the last year (estimated for 2025)

The institutional investor share in Ma'aden is traditionally high, as the company plays a significant role in the mining sector and is known for its strategic importance in Saudi Arabia. Institutional investors, including state funds and international investment companies, hold a large portion of the shares.

Regarding insider purchases and sales, there have been no significant transactions in the last year that could indicate a change in management's confidence in the company's future development. This suggests that management has a stable view of the company's development.

Market share of Ma'aden: Estimated 18% (2025)

Main competitors and their market shares:

1. BHP Group - 22%
2. Rio Tinto - 20%
3. Vale S.A. - 19%
4. Saudi Arabian Mining Company (Ma'aden) - 18%
5. Anglo American - 15%
6. Glencore - 14%
7. Freeport-McMoRan - 12%

Moat of Ma'aden:

Ma'aden has a significant moat due to its strategic location in Saudi Arabia, one of the world's largest producers of phosphates and aluminum. Proximity to major sources of raw materials and support from the Saudi government provide the company with an advantage in terms of resource access and cost efficiency.

However, compared to its competitors, Ma'aden has less diversification in terms of global presence and product range. Companies like BHP and Rio Tinto have a broader geographical footprint and a more diverse product portfolio, giving them a stronger moat in terms of market risks and demand volatility.

Nevertheless, Ma'aden can strengthen its competitive position through strategic partnerships and investments in technology and sustainability. The focus on sustainable practices could be a key advantage in the future as the industry increasingly shifts towards environmentally friendly solutions.

Revenue Growth: 18% (2024) Profit Growth: 20% (2024) Raw Material Prices: Stable to rising (2024)

The Saudi Arabian Mining Company (Ma'aden) recorded strong revenue growth of 18% in 2024. This is mainly due to increased demand for raw materials such as phosphate and aluminum, which the company produces. The profit growth of 20% in the same period also shows that Ma'aden operates efficiently and benefits from stable to rising raw material prices.

In recent years, Ma'aden has heavily invested in expanding its production capacities, putting the company in a good position to benefit from global demand for raw materials. The strategic partnerships and joint ventures that Ma'aden has entered into further strengthen its market position and provide access to new markets.

In summary, it can be said that Ma'aden could be an attractive investment opportunity due to its solid financial performance, strategic investments, and positive market developments. However, investors should also consider geopolitical risks and the volatility of raw material markets.

Dividend yield: 2.5% (estimated for 2025)
Dividend history: Regular payouts in recent years

The Saudi Arabian Mining Company (Ma'aden) has regularly distributed dividends in recent years. The estimated dividend yield for 2025 is around 2.5%. This indicates that the company aims to provide its shareholders with a certain return.

Ma'aden has established itself as a reliable dividend payer, which points to a solid financial foundation and stable sources of income. However, the payouts are also dependent on commodity prices and global demand for their products, which is common in the mining industry.