Ma'aden Receives Energy Ministry Approval for Fourth Phosphate Project to Boost Production

Saudi Arabian Mining Company (Ma'aden) announced that it has received approval from the Ministry of Energy for the allocation of the necessary feedstock for the implementation of the Fourth Phosphate Project, a strategic step supporting the expansion plans in the fertilizer sector and enhancing the company's global position, according to a disclosure published on Tadawul.

Ma'aden clarified that it received the approval on December 16, 2025, targeting the production of approximately 1.1 million tons of ammonia, in addition to increasing production of phosphate and specialty fertilizers by around 2.5 million tons, raising the company’s total production capacity to nearly 12 million tons annually.

The Fourth Phosphate Project is a pivotal step in Ma'aden's growth strategy, contributing to strengthening the company's position as one of the largest phosphate fertilizer producers globally and supporting its expansion to meet the growing global demand for fertilizer products amid challenges related to food security and supply chains.

The company confirmed that it will commence the necessary engineering studies and complete the required regulatory approvals in the upcoming phase, with announcements regarding any significant developments related to the project to be made in due course, in accordance with applicable regulations.

Ma'aden expressed its gratitude to the Ministry of Energy for its role in supporting the mining and fertilizer sector, enhancing the Kingdom's position in the global phosphate fertilizer export market, and contributing to the effective utilization of mineral resources in line with the mining strategy and Saudi Vision 2030.

In terms of stock performance, Ma'aden's shares (1211) rose during today’s trading to 58.4 riyals, achieving gains of 0.45 riyals, equivalent to 0.78%, with trading volumes reaching approximately 28.18 million riyals, indicating positive investor reactions to the announcement and their expectations regarding the project's future impact on the company's growth.

This development reflects Ma'aden's continued focus on expanding production capacity, maximizing value from the Kingdom's mineral resources, and solidifying its role as a key player in the global fertilizer supply chains.