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الاقتصادية
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الاقتصادية

2026-11-09T07:36:48.960Z

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Ma’aden Q3 profits drop 24%

Ma’aden Q3 profits drop 24%

Ma’aden’s profits fell 23.7% year on year in the third quarter to 1.68 billion riyals, despite an 11.3% rise in revenue to 11.14 billion riyals. The company attributed the decline in profitability to supply chain disruptions and higher raw material costs, particularly sulfur, as well as the absence of ammonia export sales. Strong performance in gold and aluminum helped limit the impact of these pressures.

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