Maaden acquires Mosaic Phosphate shares in Maaden Waad Al Shamal Phosphate

MAADEN

MAADEN

1211.SA

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Riyadh - Mubasher: Saudi Arabian Mining Company (Maaden) announced the completion of the acquisition deal of all shares owned by Mosaic Phosphate Company B.V. (in addition to Mosaic’s marketing rights as a guarantor) in Maaden Waad Al Shamal Phosphate Company.

The company added in a statement on Tadawul that the acquisition procedures and the deposit of the compensation shares in favor of Mosaic Netherlands Holding Company (as the shareholder entitled to the new shares) have been completed and listed on December 24, 2024.

The company explained that the financial impact of the acquisition deal will be reflected in the consolidated financial statements for the year ending December 31, 2024.

It stated that the acquisition deal does not involve any related parties.

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