17 Hrs
Source:
مباشر
Source: مباشر
17 Hrsمباشر
Source: مباشر
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The Board of Directors of Maaden Aluminum Company (Maad Al-Muhaidib) has approved the establishment of a closed joint-stock company named "Snam Mining" with a capital of 200 million riyals, based in Jeddah, to operate in the mining sector after completing the necessary regulatory licenses. Maaden will own 51% of the new company's capital, while the remaining shares will be distributed among institutions and individuals associated with major shareholders, with a commitment not to engage in exploration or mining activities in the Najrān and ‘Asīr regions to preserve the company's current scope of operations. This move aims to strengthen Maaden’s investments in the mining sector through the creation of a new company focused on various mining segments.
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