RE: Saudis13 Jul 2020 12:26
READ THIS if you doubt the Saudis desire to acquire Gold assets!
21/6/2020!!!
https://www.arabianbusiness.com/banking-finance/448435-saudi-arabian-mining-unit-signs-41bn-finance-deal
THIS PART!
Gold demand
Gold has been the one bright spot for Maaden, with demand for the precious metal buoyed by investors seeking a haven amid concerns about a new surge in coronavirus infections, Al Ohali said. As gold comprises only a small share of the companyβs sales, Maaden is looking for ways to boost production, he said.
Al Ohali was appointed Maaden CEO in April, having worked previously at Saudi Basic Industries Corp. as an adviser to the chemical makerβs CEO and as its group chief financial officer. At Maaden, he has started to develop a long-term strategy for making the company one of the seven biggest miners by revenue, he said.
Maaden is currently weighing several opportunities for international acquisition to help it reach that goal, he said, declining to give details.