Maaden shares hit highest level since debut

Logo of Saudi Arabian Mining Co. (Maaden)

Shares of Saudi Arabian Mining Co. (Maaden) hit their highest level since listing, at SAR 80.30, today, Aug. 29.

The stock closed flat today at SAR 78, hitting an all-time high. Nearly 5.9 million shares were traded.

The company’s Q2 2022 net profit after Zakat and tax more than tripled to SAR 4 billion, from SAR 1.10 billion in the prior-year period, according to data available with Argaam.

Established in 1997, Maaden was listed on the Saudi Stock Exchange (Tadawul) on July 28, 2008.

The company carries out various mining activities.

* Share price adjusted according to capital changes

The following table shows the most important financial indicators of the company:

The company raised its capital three times to the current level of SAR 24.61 billion.