{"id":77936,"date":"2023-06-12T01:00:50","date_gmt":"2023-06-12T01:00:50","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/"},"modified":"2023-06-12T01:00:50","modified_gmt":"2023-06-12T01:00:50","slug":"ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/","title":{"rendered":"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans"},"content":{"rendered":"

<\/a> A generous capital increase for Ma\u2019aden: <\/strong>Saudi mining company Ma\u2019aden is set to increase its share capital by SAR 12.3 bn (c.USD 3.2 bn) as it looks to bolster its capital base for future growth plans, according to a disclosure<\/a> to Tawadul on Thursday.<\/p>\n

What we know: <\/strong>Ma\u2019aden will increase its capital by 50% to SAR 36.9 bn from SAR 24.6 bn, the disclosure showed. The increase will be executed through the company\u2019s statutory reserve and retained earnings, it added. It will also issue one bonus share for every two owned by shareholders.<\/p>\n

Could the future for Ma\u2019aden be blue ammonia? <\/strong>Ma\u2019aden signed<\/a> an agreement with Indian agricultural chemicals maker Coromandel International Ltd last month for the supply of low-carbon blue ammonia. Its shipment to India followed its first shipments<\/a> of low-carbon blue ammonia to Chinese petrochemical producer Shenghong Petrochemicals in May as part of an agreement to supply 25k tons of ammonia, which is in line with the company\u2019s goal of becoming a green leader globally. The company has shipped 138k tons of blue ammonia products to countries including Korea, China, Japan, India, Thailand, and the EU since last year.<\/p>\n

The news follows an interesting 1Q: <\/strong>Ma\u2019aden saw its net income plunge<\/a> 81% y-o-y in 1Q 2023 to SAR 419.4 mn on the back of higher costs for raw materials and lower commodity prices. Despite the disappointing results, it was able to seal a 50\/50 JV with US mineral development company Ivanhoe Electric Inc. for the exploration of copper, nickel, gold, silver, and other electric metal. Ma\u2019aden\u2019s Mansourah-Massarah commissioning activities are still on track with an initial production date of 2H 2023. The gold project located in the central region of the country is set to be the company\u2019s largest gold project to date with an average production of 250k ounces per annum of gold.<\/p>\n","protected":false},"excerpt":{"rendered":"

A generous capital increase for Ma\u2019aden: Saudi mining company Ma\u2019aden is set to increase its share capital by SAR 12.3 bn (c.USD 3.2 bn) as it looks to bolster its capital base for future growth plans, according to a disclosure to Tawadul on Thursday. What we know: Ma\u2019aden will increase its capital by 50% to […]<\/p>\n","protected":false},"author":1,"featured_media":77937,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[54],"tags":[53,11,159],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-enterpriseclimate","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"c8fc022f-4c19-4b01-b72a-344c551b7365","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1904.jpg","photo_position":"above","related_issue":[77924],"teaser":"","voice_url":""},"yoast_head":"\nKSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans\" \/>\n<meta property=\"og:description\" content=\"A generous capital increase for Ma\u2019aden: Saudi mining company Ma\u2019aden is set to increase its share capital by SAR 12.3 bn (c.USD 3.2 bn) as it looks to bolster its capital base for future growth plans, according to a disclosure to Tawadul on Thursday. What we know: Ma\u2019aden will increase its capital by 50% to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-12T01:00:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans\",\"datePublished\":\"2023-06-12T01:00:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/\"},\"wordCount\":324,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1\",\"keywords\":[\"CAPITAL MARKETS\",\"EnterpriseClimate\",\"Saudi Arabia\"],\"articleSection\":[\"CAPITAL MARKETS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/\",\"name\":\"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-06-12T01:00:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/","og_locale":"en_US","og_type":"article","og_title":"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans","og_description":"A generous capital increase for Ma\u2019aden: Saudi mining company Ma\u2019aden is set to increase its share capital by SAR 12.3 bn (c.USD 3.2 bn) as it looks to bolster its capital base for future growth plans, according to a disclosure to Tawadul on Thursday. What we know: Ma\u2019aden will increase its capital by 50% to […]","og_url":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/","og_site_name":"Climate","article_published_time":"2023-06-12T01:00:50+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans","datePublished":"2023-06-12T01:00:50+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/"},"wordCount":324,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1","keywords":["CAPITAL MARKETS","EnterpriseClimate","Saudi Arabia"],"articleSection":["CAPITAL MARKETS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/","url":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/","name":"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1","datePublished":"2023-06-12T01:00:50+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/ksas-maaden-will-put-a-massive-capital-increase-in-motion-to-fund-growth-plans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"KSA\u2019s Ma\u2019aden will put a massive capital increase in motion to fund growth plans"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1904.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-kh2","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=77936"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77936\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/77924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/77937"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=77936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=77936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=77936"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=77936"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=77936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}