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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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Syria Signs New 30-year Deal with French Shipping Giant CMA CGM

Syrian President Ahmed al-Sharaa (C) looks on as Joe Dakkak, the regional director of French shipping company CMA GGM, (L) and Latakia port director Ahmed Mustafa sign an agreement in Damascus on May 1, 2025. (AFP)
Syrian President Ahmed al-Sharaa (C) looks on as Joe Dakkak, the regional director of French shipping company CMA GGM, (L) and Latakia port director Ahmed Mustafa sign an agreement in Damascus on May 1, 2025. (AFP)
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Syria Signs New 30-year Deal with French Shipping Giant CMA CGM

Syrian President Ahmed al-Sharaa (C) looks on as Joe Dakkak, the regional director of French shipping company CMA GGM, (L) and Latakia port director Ahmed Mustafa sign an agreement in Damascus on May 1, 2025. (AFP)
Syrian President Ahmed al-Sharaa (C) looks on as Joe Dakkak, the regional director of French shipping company CMA GGM, (L) and Latakia port director Ahmed Mustafa sign an agreement in Damascus on May 1, 2025. (AFP)

Syria on Thursday signed a 30-year deal with French shipping and logistics group CMA CGM that includes building a new berth at Latakia port and investing another 230 million euros ($260 million) over the course of the partnership, a company official said.

Latakia port is Syria's main maritime gateway. CMA CGM began managing Latakia's container terminal in 2009, under now-ousted Syrian leader Bashar al-Assad. The contract was most recently renewed in October 2024, also under Assad, for 30 more years.

After the opposition toppled Assad in December, the new authorities began talks on an amended deal. It was signed on Thursday by officials from the company and from Syria's port authority.

"CMA CGM has signed today the concession of the port of Latakia for a 30-year contract. We are committed to modernizing and expanding the terminal to meet growing demand and strengthen supply chains in the region," Joe Dakkak, general manager at CMA CGM LEVANT, told Reuters.

Dakkak told local broadcaster Syria TV that the agreement included a 230-million-euro investment, as well as a project to build a new, deeper berth at Latakia in order to increase activity at the port.

A person familiar with the deal said CMA CGM would invest 30 million euros in the first year and the rest in the following four years. The person said the berth would be 1.5 kilometers (0.9 miles) long and 17 meters deep, with advanced infrastructure.

CMA CGM is controlled by Franco-Lebanese billionaire Rodolphe Saade and other members of his family, which has roots in Syria.

A Syrian source familiar with the negotiations had earlier told Reuters that Syrian authorities had hoped to negotiate a larger share of the revenues than the previous contract as well as a shorter timeframe for the terminal lease.