Maaden stock gains on a stronger Q2 aluminum business

Published on 09/22/2026 at 04:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Maaden stock rose 1.45 percent to SAR 62.90 on September 20, 2026, while its market cap reached SAR 244.6 billion. The aluminum unit posted Q2 2026 revenue of USD 1.01 billion, up 49 percent.

Maaden, SA000A0ETK08, Illustration mit AI erstellt.

Maaden stock (ISIN SA000A0ETK08) closed at SAR 62.90 on September 20, 2026, up 1.45 percent for the day, with a market capitalization of SAR 244.6 billion and volume of 544,684 shares on Tadawul.

Q2 aluminum set a record

Maaden's aluminum business posted Q2 2026 revenue of USD 1.01 billion, up 49 percent year on year, according to MoneyDJ on September 21, 2026. The same report said aluminum output reached 242,000 metric tons and realized aluminum prices were USD 3,915 per metric ton, up 51 percent.

That combination matters because the reported revenue growth was driven by both price and volume, not by one-off accounting effects. For investors, the key point is that the company's most visible industrial segment is expanding on two fronts at once.

Target and risk

Maaden's stock is also supported by a market backdrop that kept the Tadawul All Share Index at 10,749.51 on September 20, 2026, after a 0.26 percent daily decline, according to the Saudi Exchange. In the same report, total market capitalization on the exchange stood at SAR 9.37 trillion, while traded value reached SAR 2.61 billion.

The main counter-factor is commodity sensitivity: the aluminum price cited in the MoneyDJ report was USD 3,915 per metric ton, so the next move in Maaden's earnings quality still depends on metal pricing and production discipline. A second anchor appears in the Saudi Exchange calendar, where Maaden is listed among names tracked for the market universe on September 22, 2026, but no future results date is shown in the available calendar page.

Stock still near the top

Maaden stock traded between SAR 61.55 and SAR 62.90 on September 20, 2026, so the close matched the day's high. The share price was also far above the low, which keeps the chart structure constructive for now.