Riyadh, Saudi Arabia — The Maaden stake acquisition 2025 is now complete, giving Saudi Arabian Mining Company (Maaden) full ownership of its aluminium and bauxite subsidiaries. The transaction took effect on July 1, 2025, following the allocation of shares, capital adjustments, and final approvals.

In its Tadawul Saudi announcement, Maaden confirmed it acquired the entire 25.1% stake held by Awa Saudi Arabia in Maaden Bauxite and Alumina Company. This amounts to 128.01 million ordinary shares.

Maaden also secured the full 25.1% stake held by Alcoa Saudi Arabia in Maaden Aluminium Company, totaling 165.001 million shares.

The company increased its capital by 2.26% to execute the acquisition. Maaden’s capital rose from SAR 38.027 billion to SAR 38.887 billion. Total shares increased from 3.802 billion to nearly 3.888 billion.

Under the agreement:

  • Alcoa Saudi Arabia received 67.61 million Maaden shares, representing 1.74% of the company’s expanded capital.
  • Awa Saudi Arabia received 18.36 million shares, or 0.47% of capital, plus SAR 562.5 million in cash.

Maaden stated that the financial results of this acquisition will be reflected in its consolidated financial statements for the fiscal year ending June 30, 2025.

 

 

The Saudi Standard’s View: Maaden Stake Acquisition 2025 Enhances Strategic Control

The Maaden stake acquisition in 2025 strengthens Maaden’s operational control over two key subsidiaries. Full ownership of its aluminium and bauxite operations improves efficiency, simplifies management, and aligns with the company’s growth strategy.

Saudi Arabia continues to invest in its resource sector to support the industrial diversification goals of Vision 2030. By consolidating ownership of critical raw materials, Maaden reduces reliance on external partners and strengthens its global mining position.

Looking ahead, investors will focus on how Maaden leverages this expanded control to boost production, streamline operations, and advance downstream industrial projects. This acquisition marks a significant step in the Kingdom’s drive to create long-term value from its mineral wealth.

 

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