Maaden signs MoU with Arab Potash

Saudi Arabian Mining Co. (Maaden) announced signing a memorandum of understanding (MoU) with Arab Potash Co. (APC) to discuss ways of cooperation in specialized products and fertilizers in Saudi Arabia and Jordan.

The move also aims to benefit from global expertise as pioneers in the region's phosphate and potash industries.

The MoU was signed by Hassan Al-Ali, Maaden's Senior Vice President of the Phosphate Business Unit, and Maan Al-Nsour, CEO of Arab Potash, during the Future Minerals Forum held in Riyadh on Jan. 13.

Al-Ali said the MoU comes in line with Maaden's strategy and initiatives to explore market opportunities and secure raw materials for its future growth plans.

Maaden, with its global and local partnerships, became a leading national mining company, the third pillar of national industries, the largest multi-product mining company in the Middle East, and one of the 15 largest mining companies in the world.

The company contributes to strengthening Saudi Arabia's position as one of the three largest producers and exporters of phosphate fertilizers in the world.

Maaden owns 17 processing and manufacturing plants, in addition to operating and managing eight mines across the Kingdom.

Maaden continues its development plans and expansion projects, as it leads several phosphate projects in the Kingdom and abroad through its acquisition of Meridian Fertilizer Distribution Co. in the African market, as part of its plans to boost the Kingdom’s contribution to the stability of the global food security system. It also has gold and aluminum exploration projects.