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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Arabian Mining Company (Ma'aden)    1211   SA123GA0ITH7

SAUDI ARABIAN MINING COMPANY (MA'ADEN)

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Saudi Arabian Mining Ma'aden : Ma'aden achieves ISO 55001 and ISO 31000 certifications at two of its major complexes

03/19/2020 | 07:57am EST

Saudi Arabia - Saudi Arabian Mining Company (Ma'aden) subsidiary Ma'aden Phosphate Company (MPC) has received the ISO Asset Management System (ISO 55001) and ISO Risk Management System (ISO 31000) certifications for its two major complexes, the Integrated Fertilizer Production Complex in Ras Al Khair Industrial City, also the Mine and Plant in Al Jalamid.

The Asset Management System Certification will aid MPC in managing the lifecycle of assets more efficiently and ensure compliance with international safety and performance standards. The Risk Management System Certification will provide the guidelines and framework to handle different categories of risk in both complexes.

Commenting on the announcement, President of Ma'aden Phosphate Company, Abdullah Alajmi, said 'We remain committed to playing a key role in boosting crop output and contributing to stable food supplies around the world as part of Saudi Arabia's contribution to achieving global food security.'

'Successfully adopting these two management systems means that we will be more efficient in fulfilling that commitment and supporting Ma'aden's long-term strategy, which is driven by operational excellence and asset optimization,' he continued.

Ma'aden is amongst the top three global phosphate fertilizer producers with a current production of approximately 6 million tonnes per year.

Contact:

Tel: +966 (0) 11 874 8000

Fax: +966 (0) 11 874 8300

Email: info@maaden.com.sa

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SAUDI ARABIAN MINING COMPANY (MA'ADEN) -0.60% 41.2 End-of-day quote.-7.21%
THE PHOSPHATE COMPANY LIMITED 0.00% 29.3 End-of-day quote.-46.73%
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Financials
Sales 2020 17 469 M 4 658 M 4 658 M
Net income 2020 -645 M -172 M -172 M
Net Debt 2020 44 088 M 11 756 M 11 756 M
P/E ratio 2020 -78,5x
Yield 2020 -
Capitalization 50 700 M 13 519 M 13 519 M
EV / Sales 2020 5,43x
EV / Sales 2021 5,12x
Nbr of Employees -
Free-Float 32,8%
Chart SAUDI ARABIAN MINING COMPANY (MA'ADEN)
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Saudi Arabian Mining Company (Ma'aden) Technical Analysis Chart | 1211 | SA123GA0ITH7 | MarketScreener
Technical analysis trends SAUDI ARABIAN MINING COMPANY (MA'ADEN)
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 9
Average target price 34,89 SAR
Last Close Price 41,20 SAR
Spread / Highest target 18,9%
Spread / Average Target -15,3%
Spread / Lowest Target -46,6%
EPS Revisions
Managers
NameTitle
Mosaed bin Sulaiman Al-Ohali Chief Executive Officer
Yasir bin Othman Al-Rumayyan Non-Executive Chairman
Khaled Al-Khattaf Chief Financial Officer & Senior Vice President
Khalid bin Saleh Al-Mudaifer Non-Executive Director
Sulaiman Abdulrahman Al-Gwaiz Deputy Chairman
Sector and Competitors