Maaden Aluminium Company (MAC)

Activity by year

202420252026

Acquisition

Sep 16, 2024ACQUISITIONSaudi Arabia$150.0M
Maaden to acquire Alcoa's stake in Maaden Aluminium and Maaden Bauxite and Alumina
Maaden and Alcoa entered into a Share Purchase and Subscription Agreement on September 16, 2024, under which Maaden will acquire Alcoa's shares in Maaden Aluminium Company (MAC) and Maaden Bauxite and Alumina Company (MBAC) for $150 million in cash and newly issued Maaden shares representing about 2.21% of Maaden's share capital, giving Maaden full ownership and control.
Alcoa Corporation target Saudi Arabian Mining Company (Maaden) acquirer Maaden Aluminium Company (MAC) target Maaden Bauxite and Alumina Company (MBAC) target #Steel and Metal Products maaden.com

Acquired by

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Maaden Aluminium Company (MAC): plants, expansions, contracts and acquisitions · Endata