Mining firm said it will use the cash to finance the company’s investments in future projects.
Maadeden’s CEO Khalid Bin Saleh Al Mudaifer said in March it would spend USD6.9 billion in its projects in Ras Al Khair and Waad Al Shamal.
The company plans to invest USD5.6 billion to develop facilities for phosphate and other related products in Waad Al Shamal, and USD1.33 billion in Ras Al Khair.
