Instinctif Partners appointed as IR advisers to MA’ADEN, the largest multi-commodity mining and metals company in the Middle East
Ma’aden, one the fastest-growing multi-commodity mining and metals companies in the world and one of the largest companies on the Saudi Stock Exchange, has appointed Instinctif Partners as its investor relations adviser to support its engagement with local, regional and international capital markets.
Founded in 1997, Ma’aden plays a leading role in developing mining as the third pillar of the Saudi economy under the patronage of Saudi Vision 2030. Today, Ma’aden is the largest multi-commodity mining and metals company in the Middle East, with operations across fertilizer, aluminium and base metals. The company is supported by a unique and fully integrated value chain with a commitment to becoming a pioneer in sustainability. The company was listed on the Saudi Stock Exchange in 2008 and has a market capitalisation of around SAR 160bn (c. USD 43bn).
Instinctif will work closely with the executive leadership to adopt best-practice investor relations and build support amongst the sell-side and buy-side analysts. It will also provide high-level strategic advisory to develop the equity story and articulate Ma’aden’s strategy to the capital markets.
An integrated team from across Instinctif’s MENA and UK Capital Markets teams will provide specialist IR support by incorporating both regional and international expertise.
Commenting on the appointment, Frédéric Cornet, Head of Capital Markets for MENA, said: “Ma’aden is one of the most exciting growth stories in global mining. It is pioneering the development of mining as the third pillar of the Saudi economy, while maintaining a commitment to sustainability across its operations. Drawing on specialist expertise across Saudi Arabia, the wider MENA region and key international centres, Instinctif will provide Ma’aden with a truly integrated IR function to build support among existing and prospective investors.”