Ma’aden to acquire the additional 25% stake in MWSPC from Mosaic.

Ma’aden, a Mining company, agreed to acquire the additional 25% stake in MWSPC, a joint venture investment among Ma’aden, Mosaic and Saudi Basic Industries, from Mosaic, a chemical company. Financial terms were not disclosed. “Having formed our partnership with Mosaic in 2013, more than a decade on, this is an important evolution that we believe will create significant benefits for the growth of our phosphate business. We look forward to working together with the Mosaic team to strengthen our phosphate business as we continue to build the mining sector into the third pillar of the Saudi economy," Bob Wilt, Ma’aden CEO.