Saudi Arabian Mining Company (Ma'aden) has successfully completed the acquisition of Mosaic Phosphate Company’s entire stake in Ma'aden Wa'ad Al Shamal Phosphate Company, as confirmed by a statement issued on the Saudi Stock Exchange (Tadawul). This acquisition marks a major milestone for Ma'aden as it further solidifies its position within the phosphate sector. In addition to the completion of the acquisition, Ma'aden has deposited the replacement shares in favor of Mosaic Netherlands Holding, the entitled shareholder of the new shares, and has listed them accordingly.

The deal involves Ma'aden purchasing the full 25% stake held by Mosaic Phosphate Company in Ma'aden Wa'ad Al Shamal Phosphate Company, along with the marketing rights that Mosaic had as a guarantor. These marketing rights were also part of the acquisition. This acquisition is a critical move to strengthen Ma'aden’s phosphate business and its ability to market products globally. As a result of this transaction, Ma'aden now owns a more substantial share of Ma'aden Wa'ad Al Shamal Phosphate Company, positioning itself to capitalize on the growing global demand for phosphate, a key component in fertilizer production.

To facilitate the acquisition, Ma'aden undertook a capital increase of 3.01% of its current capital, which raised the company's capital to approximately 38.027 billion riyals. This capital increase was achieved by issuing new shares, which raised the total number of shares to 3,802,785,871 ordinary shares. The capital increase will enable Ma'aden to fund the acquisition while maintaining a solid financial position for future growth.

This acquisition will have a significant financial impact on Ma'aden’s operations, with the effects being visible in the company’s annual financial performance for the year 2024. The transaction is expected to improve Ma'aden's financial outlook as it strengthens its position in the phosphate market and boosts its operational capacity. Ma'aden’s acquisition of Mosaic’s stake in Ma'aden Wa'ad Al Shamal Phosphate Company is also seen as a strategic move to ensure the long-term growth and sustainability of its phosphate and fertilizer business, further supporting the company’s broader vision of becoming a global leader in mining and natural resources.

This acquisition aligns with Ma'aden's broader strategy to diversify and expand its operations within the mining sector, particularly in the areas of phosphate and other key minerals. By acquiring Mosaic’s stake, Ma'aden is positioning itself to better control its phosphate production and distribution network, while also strengthening its overall market presence. The company’s increased stake in Ma'aden Wa'ad Al Shamal Phosphate Company also provides it with greater influence over the future direction of the project, allowing it to further capitalize on the growing demand for fertilizers and other phosphate-based products.

Overall, the acquisition represents a significant achievement for Ma'aden as it continues to build on its position as a leading global mining company with a strong focus on phosphate and other essential minerals.