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Re: AGM notes

in response to AGM notes by Highgrader

posted on Feb 15, 09 08:19AM

Al Hariqua: Saudi - Arab consortium JV in negotiations

Potential partners?

____________________________________...

ARMICO, ( Arab Mining Co )

Joint Arab cooperation aiming towards the investment of Arab Mineral Resources by establishing or participating in the establishment of joint ventures through agreements with the concerned Arab Governments, in addition to the Private Sector in the fields of mining and those related and complementary industries.

Headquarters

Amman - Hashemite Kingdom of Jordan

http://www.armico.com.jo/index.php

SHAREHOLDERS	NUMBER OF SHARES	VALUE (KUWAITI DINAR)	%
UNITED ARAB EMIRATES	1100	11 000 000	20.20
KINGDOM OF SAUDI ARABIA	1100	11 000 000	20.20
REPUBLIC OF IRAQ	1100	11 000 000	20.20
KUWAIT INVESTMENT AUTHORITY	1100	11 000 000	20.20
LIBYAN FOREIGN INVESTMENT COMPANY	550	5 500 000	10.10
ARAB REPUBLIC OF EGYPT	150	1 500 000	2.75
REPUBLIC OF YEMEN	78	780 000	1.43
ARAB INVESTMENT CO./ RIYADH	60	600 000	1.10
OFFICE NATIONAL DES HYDROCARBURES ET DES MINES/ MOROCCO	60	600 000	1.10
MINISTRY OF FINANCE- JORDAN	55	550 000	1.00
REPUBLIC OF SOMALIA	55	550 000	1.00
REPUBLIC OF SYRIA	25	250 000	0.46
REPUBLIC OF TUNISIA	6	60 000	0.11
ISLAMIC REPUBLIC OF MAURITANIA	6	60 000	0.11
REPUBLIC OF SUDAN	2	20 000	0.04
	5447	54 470 000	100

Ma'aden, (Saudi Arabian Mining Company)

Ma'aden was formed as a Saudi joint stock company on 23 March 1997 (corresponding to 14/11/1417H) for the purpose of facilitating the development of Saudi Arabia’s mineral resources.

JEDDAH (Gold & Base Metals)

Ma'aden’s gold business is operated through its gold division which explores for precious and base metals within Saudi Arabia. It currently operates five gold mines in Saudi Arabia: Mahd Ad Dahab, Al Hajar, Sukhaybarat, Bulghah, and Al Amar. Ma'aden is also developing one more mining property in Ad Duwayhi and has five advanced exploration projects.

PO Box 13784
Jeddah 21414
Kingdom of Saudi Arabia

http://www.maaden.com.sa/eng/index.htm

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