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1211 – Saudi Arabian Mining Company SJSC

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Not Compliant

—X—

Industry: Diversified Mining | Saudi

Saudi Arabian Mining Company SJSC is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 36,744 MRev. Growth: 69.45%

AAOIFI ✗

Debt/MC34.86%
Non-Compliant Assets/MC0.7%
Impure Income (incl. Interest)0.18%
Impure Income%
Interest Income0.18%
Total0.18%

S&P ✗

Debt/36 mo MC68.32%
Cash/36 mo MC4.72%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC59.95%
Cash/24 mo MC4.14%
AR/24 mo MC%

FTSE ✗

Debt/Assets46.53%
Cash/Assets3.21%
Cash&AR/Assets3.21%
Impure Income (incl. Interest)0.18%
Impure Income%
Interest Income0.18%
Total0.18%

MSCI ✗

Debt/Assets46.53%
Cash/Assets3.21%
Cash&AR/Assets3.21%

Recommendation Rating

2.75

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 33.05

Low: 18.4

High: 43.99

Total Analysts: 7


Saudi Arabian Mining Co SJSC is a Saudi Arabia-based company, which is engaged in the mining sector. The Company’s principal mining activities are at the Mahd Ad’ Dahab, Al-Hajar, Bulghah, Al-Amar, Sukhaybarat, As Suq, Al Jalamid, Az Zabirah, Al-Ghazallah and Al Baitha mines. The Company mainly mines gold, phosphate rock, bauxite, low-grade bauxite, kaolin and magnesite. The Company operates under the following business segments: Phosphate Strategic Business Unit Segment, Aluminum Strategic Business Unit Segment, Precious and Base Metals Strategic Business Unit Segment and Corporate. The Company’s subsidiaries are: Maaden Bauxite and Alumina Co LLC, Maaden Gold and Base Metals Co LLC and Maaden Phosphate Co, among others.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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