Who owns Ma'aden Phosphate Company (MPC)

Ma'aden Phosphate Company (MPC) - Profile

Ma'aden Phosphate Company mines phosphate rock in Saudi Arabia and turns it into fertiliser. It was set up under a joint venture agreement concluded in September 2007 between the Saudi Arabian Mining Company (Ma'aden) and Saudi Basic Industries Corporation, for an initial 25 year term, and incorporated on 1 January 2008. It works two linked sites. At Al-Jalamid, in the far north of the kingdom, it mines phosphate ore and upgrades it in a beneficiation plant designed for 4.6 million tonnes a year of concentrate, which then travels by rail to the Gulf coast. At Ras Al-Khair it runs a sulphuric acid plant of 4.6 million tonnes a year, a phosphoric acid plant of 1.37 million tonnes a year of P2O5, an ammonia plant of about 1.1 million tonnes a year and a granulation plant that combines the acid and the ammonia into diammonium phosphate fertiliser. Sulphur and the natural gas used to make ammonia are bought from Saudi Aramco, which runs a dedicated pipeline to Ras Al-Khair. Ammonia production started in October 2011 and fertiliser production in February 2012.

The disclosed stakes

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Where each figure comes from

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• Saudi Arabian Oil Company (Saudi Aramco), as of 31 Dec 2025. Equity-method carrying amount SAR 3,533m at 31 Dec 2025 converted at 3.75 SAR per USD. source