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Saudi Arabian Mining Company (Maaden) announces that it has received approval from the Ministry of Energy a feedstock allocation for establishing the Fourth Phosphate Project
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| Announcement Detail | Saudi Arabian Mining Company (Maaden) announces that it has received the Ministry of Energy approval on 25 Jumada Al-Akhirah 1446H, corresponding to December 16, 2025 to allocate the necessary feedstock for the development of the Fourth Phosphate Project. This project aims to produce 1.1 million tons of ammonia and increase the production of phosphate and specialty fertilizers by approximately 2.5 million tons annually, bringing Maaden’s total fertilizer production capacity to around 12 million tons per year. This milestone reinforces Maaden’s position as one of the world’s largest producers of phosphate fertilizers. The company will commence the required engineering studies and secure all necessary regulatory approvals. Any material developments related to this project will be disclosed in accordance with applicable regulations and procedures. Maaden extends its sincere appreciation to the Ministry of Energy for its significant efforts in strengthening the Kingdom’s position in the global phosphate fertilizer export market, supporting global food security and enabling the utilization of the Kingdom’s mineral resources, which will directly contribute to achieving the objectives of the National Mining Strategy and Saudi Vision 2030. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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