Saudi Arabian Mining Co. (Maaden)headquarters
Saudi Arabian Mining Co. (Maaden) completed the regulatory process to acquire the entire stake of SABIC Industrial Investments Co., a wholly owned subsidiary of Saudi Basic Industries Corp. (SABIC), in Aluminum Bahrain (Alba). 
For more news and details on MAs
The miner also completed of the sale and purchase of the shares, it said in a statement to Tadawul.
Following the transaction, Maaden holds 20.62% of Alba’s share capital, the statement noted, adding that the acquisition procedures were completed on Feb. 17.
The sale amounted to BHD 363.08 million (SAR 3.61 billion) as per the closing exchange rate on the Saudi Central Bank (SAMA) website on Feb. 9, 2025, of BHD 1.00 = SAR 9.946940.
Saudi Arabian Mining Co. (Maaden)headquarters
Saudi Arabian Mining Co. (Maaden) completed the regulatory process to acquire the entire stake of SABIC Industrial Investments Co., a wholly owned subsidiary of Saudi Basic Industries Corp. (SABIC), in Aluminum Bahrain (Alba).
For more news and details on MAs
The miner also completed of the sale and purchase of the shares, it said in a statement to Tadawul.
Following the transaction, Maaden holds 20.62% of Alba’s share capital, the statement noted, adding that the acquisition procedures were completed on Feb. 17.
The sale amounted to BHD 363.08 million (SAR 3.61 billion) as per the closing exchange rate on the Saudi Central Bank (SAMA) website on Feb. 9, 2025, of BHD 1.00 = SAR 9.946940.
