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Ma’aden Included on Forbes 2000 List of World’s Largest Public Companies

Forbes Global 2000 included the Ma’aden in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues.
Forbes Global 2000 included the Ma’aden in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues.
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Ma’aden Included on Forbes 2000 List of World’s Largest Public Companies

Forbes Global 2000 included the Ma’aden in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues.
Forbes Global 2000 included the Ma’aden in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues.

Forbes Global 2000 has included the Saudi Arabian Mining Company (Ma’aden) in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues, reported the Saudi Press Agency.

The list included 40 Arab companies, 16 of which were Saudi.

Ma'aden stated that this achievement was made possible by the company's unwavering commitment to production rates and customer service.

Ma'aden commodities are available in over 21 countries worldwide, contributing positively to financial performance.

Ma'aden's brand market value has lately increased by 69 percent to over SR1.8 billion, making it the largest multi-commodity mining company's brand in the Middle East.

Its strategy plan emphasizes portfolio diversification and growing the quantity of extracted minerals, as well as adherence to the highest environmental, social, and governance standards.

Ma'aden is one of the world's fastest-growing mining companies and the Middle East's largest multi-commodity mining and metals company.

Because of its market value, Ma'aden ranks among the top ten mining companies in the world.

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Bitcoin Rises Above $94,000 for First Time

FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo
FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo
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Bitcoin Rises Above $94,000 for First Time

FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo
FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

Bitcoin rose to a record high above $94,000 as a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration.
Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $93,521 on Wednesday, having hit a high of $94,078 in early Asian trading hours.
The Financial Times said Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, which is backed by NYSE-owner Intercontinental Exchange.
"Trump's seeming interest to push further into crypto on a personal level has contributed to optimism that crypto will be a top priority when Trump takes office," said Stéphane Ouellette, chief executive officer of crypto trading firm FRNT Financial.
Earlier this week, the Wall Street Journal reported Trump was meeting privately with the crypto exchange CEO Brian Armstrong, further aiding sentiment.
Cryptocurrencies have soared since the Nov. 5 US election as traders bet President-elect Trump's promised support for digital assets would lead to a less restrictive regulatory regime.
Options trading over BlackRock's spot bitcoin ETF on the Nasdaq made a strong debut on Tuesday with a bullish call-to-put ratio of 4.4:1, according to QCP Capital.
"We expect these options to be popular and, in turn, may positively influence trading volumes of these ETPs (exchange traded products) as the underlying," said Kenneth Worthington, analyst at J.P.Morgan.
The growing excitement has taken the global cryptocurrency market's value above $3 trillion to a record high, based on analytics and data aggregator CoinGecko.
US spot bitcoin exchange traded products have attracted about $4.2 billion in inflows since Trump's election victory, about 15% of the total inflows since the products were launched on US stock exchanges in January, Reuters reported.
Chris Weston, head of research at Australian online broker Pepperstone, said there is real underlying buying pressure for bitcoin, and "another kick higher should bring in a fresh chase from those who like to buy what's strong".