News

Maaden joins EITI as a supporting company

The Saudi Arabian Mining Company (Maaden) becomes part of a global network of over 60 companies championing transparency in the extractive industries

6 May 2025

The EITI recently welcomed Maaden, the largest multi-commodity mining and metals company in the Middle East, as its newest supporting company.

Headquartered in Saudi Arabia, Maaden operates across a diverse portfolio of mineral assets, including gold, zinc, copper, phosphate, aluminium and industrial minerals.

In its statement of support for the EITI, the company affirmed its commitment to fighting corruption and promoting transparency within the mineral sector. “Our engagement with the EITI underscores our commitment to leading with integrity and ensuring effective governance across all our operations,” it said.

Our engagement with the EITI underscores our commitment to leading with integrity and ensuring effective governance across all our operations.

Statement of EITI support

As a listed company on the Saudi Stock Exchange, Maaden already discloses taxes and payments to the government and beneficial ownership of up to 5%. The company has established anti-corruption policies and compliance management systems, including an independent whistleblower hotline for internal and external stakeholders.

By joining the EITI, Maaden seeks to advance its transparency agenda and align with the Expectations for EITI supporting companies, which promote corporate accountability in line with the EITI Standard.

“We are delighted to welcome Maaden to the EITI community,” said Mark Robinson, EITI Executive Director. “By adhering to the EITI’s company expectations, Maaden has the opportunity to adopt international best practices and play a leadership role in promoting transparency and the EITI Principles across the MENA region and beyond.”