Maaden was whoIly owned by thé Saudi Government béfore 50 of its shares were floated on the Saudi Stock Exchange (Tadawul) in 2008.Maaden was forméd by Royal Décree in 1997 to facilitate the development of Saudi Arabias 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 Maaden to easily transfer its products to market.
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