Ma’aden eyes 10 times earning growth by 2040: CEO

RIYADH: According to its CEO Robert Wilt, Saudi mining firm Ma’aden aims to grow its earnings before interest and tax 10 times by 2040.

“If you look at what Ma’aden wants to do over the next 18 years, by 2040, we want to grow our EBIT 10 times,” he said in a video entitled PIF Global Insights.

In his speech where he talked about how the metals and mining company is striving to become a role model for Environmental, Social, and Governance in Saudi Arabia with its sustainable business strategy, Wilt explained how Ma’aden will make this happen.