RIYADH: Saudi Arabian Mining Co., known as Ma’aden, saw its share price rise by 1.05 percent on Tuesday morning.
Shares of the mining company increased to SR57.6 ($15.36) as of 10:28 a.m. Saudi time, up from SR56.90 the previous day.
This follows Ma’aden’s announcement that it has begun commercial production for its Ammonia 3 plant within the third phosphate project, which can produce 1.1 million tons of ammonia per year.