Ma’aden was formed by Royal Decree in 1997 to facilitate the development of Saudi Arabia’s mineral resources. In 2004, the Cabinet adopted the new Mineral Investment Law in a step helped in the development of the mineral sector and the infrastructure of the railway and the port, which enabled Ma’aden to easily transfer its products to market.
Ma’aden was wholly owned by the Saudi Government before 50% of its shares were floated on the Saudi Stock Exchange (Tadawul) in 2008. Ma’aden also has founded Ma’aden’s Aluminium Project, which is a partnership with several affiliates of Ma’aden, such as Ma’aden’s Aluminium, Ma’aden Bauxite and Alumina and Ma’aden Rolling Mill. It is one of the most integrated and effective Aluminum projects in the world. It contains a bauxite mine and a refinery in addition to one of the most advanced rolling mill plants in the world.