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Ma'aden and Aramco joint Arab Shield project
The article reveals details of a joint project between the Saudi Arabian Mining Company (Ma’aden) and Saudi Aramco to develop and utilize mineral resources in the Arabian Shield region. The project aims to establish a company with an initial capital of 197.5 million SAR, with Ma’aden holding a 51% stake and Aramco 49%. An additional funding of up to 1.807 billion SAR is expected to support expansion and exploration activities, focusing on strengthening the mining sector as a foundational pillar of the national industry. The announcement also includes disclosures about the interests of board members related to the project and their commitment to transparency, ensuring the protection of shareholders' interests.
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