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  • 25-10-21

    Saudi Ma’aden posts returns of USD826Min 1st 9 months

    (MENAFN)The Saudi Arabian Mining Company, or Ma’aden, has returned to profit, marking returns of SR3.1 billion (USD826 million) in the January-September period of the current year.

    The number is compared to a net loss of SR780 million in the previous year same time span, as the pandemic effected on the industries.

    According to the company, the rebound came as a result to higher average sales prices of all products except gold.

    Furthermore; higher share in net profit from its joint ventures also jumped Ma’aden’s revenues up.

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