Ma'aden subsidiary wins $272m contract

The Tadawul All-Share Index finished Sunday trading even at 7,043.65 points. Sabic fell 0.27% to SR92.75. Saudi Arabian Mining Company or Ma'aden ended flat at SR33.40. Earlier in the day, Ma'aden said its subsidiary Maaden Gold and Base Metals Company has signed today a contract worth SR1.018bn ($272m) with Hanwha Engineering and Construction Company to construct a plant in Ad Duwayhi to produce gold. "The contract includes completing detailed engineering, procurement, construction, pre-commissioning, commissioning, start-up assistance and training services," said Ma'aden.

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