Alcoa closes sale of 25.1% Ma'aden JV stake for $1.35B

Alcoa Corporation has closed the sale of its 25.1% ownership interest in the Ma'aden Joint Venture to Saudi Arabian Mining Company (Ma'aden) for approximately $1.35 billion, consisting of Ma'aden shares valued at $1.2 billion and $150 million in cash. Alcoa now holds about 2% of Ma'aden's outstanding shares.

“While today marks the end of the Joint Venture, the closing of this transaction demonstrates the initial value to our shareholders and enables visibility within Alcoa's financials until we monetise in the future.”alcircle.com

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• alcircle.comAlcoa closes sale of 25.1% ownership in Ma'aden joint ...Prerana PradhanJul 2, 2025

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