RE: Moxico25 May 2025 08:10
‘ Moxico and Ajlan are exploring capital market options in KSA for a vertically integrated metals business, from ore extraction to refined zinc metal, to be pursued when market conditions and valuation multiples are favourable for listings on the Saudi Stock Exchange.’
Bottom Line
Moxico and Ajlan want to build a powerful zinc business in Saudi Arabia and eventually offer shares to the public. But they’re smartly waiting until the market is ready so they can get the best value and make a strong impact. It’s a move that supports both their business goals and the country’s vision for economic growth.