- Companies
- Alcoa Saudi Arabia
Alcoa Saudi Arabia Valuation, Funding & Investors
Alcoa Saudi Arabia is valued at $4.4B as of September 2024.
Last Alcoa Saudi Arabia valuation
$4.4B
Secondary · Sep 2024
Key investors in Alcoa Saudi Arabia
Alcoa Saudi Arabia Overview
About Alcoa Saudi Arabia
Alcoa Saudi Arabia is a joint venture between Alcoa and the Ma'aden Mining Company operating a bauxite mine in central Saudi Arabia. Launched in 2014, it supplies raw materials to aluminum smelters as part of a fully integrated complex.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$4.4B (Sep 2024)
Sectors
Alcoa Saudi Arabia Valuation
Alcoa Saudi Arabia is currently valued at $4.4B, based on its secondary sale in September 2024.
The $1.1B round was led by Maaden.
Alcoa Saudi Arabia valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2024 | Secondary | $4.4B |
Alcoa Saudi Arabia Funding History
Alcoa Saudi Arabia has 1 recorded secondary share sale and no primary funding rounds.
Alcoa Saudi Arabia funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2024 | Secondary | Maaden (lead) | $1.1B | $4.4B | Alcoa Saudi Arabia operates as the Ma’aden Joint Venture, a fully integrated mining complex in Saudi Arabia established in 2009, comprising Ma’aden Bauxite and Alumina Company (MBAC) for bauxite mining and alumina refining, and Ma’aden Aluminium Company (MAC) for aluminum smelting and casthouse operations. Alcoa held a 25.1% ownership stake, with Ma’aden owning 74.9% prior to the transaction. On September 16, 2024, Alcoa agreed to sell its entire 25.1% stake in the joint venture to Ma’aden for approximately $1.1 billion in proceeds, consisting of Ma’aden shares and cash, implying a full enterprise valuation of about $4.38 billion for the JV. The deal simplifies Alcoa’s portfolio in Saudi Arabia, provides financial flexibility, and grants Ma’aden full ownership and operational control of its aluminum business. The transaction closed later, with Alcoa receiving around 86 million Ma’aden shares valued at $1.2 billion plus $150 million cash, resulting in Alcoa holding a 2.2-2.21% stake in Ma’aden post-deal. Alcoa’s carrying value in the JV was $545 million as of June 30, 2024, and the sale is expected to generate a gain for Alcoa. |
Who has invested in Alcoa Saudi Arabia?
1 investor has backed Alcoa Saudi Arabia across its funding rounds, including Maaden.
Lead investors include Maaden.
Alcoa Saudi Arabia Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Alcoa Saudi Arabia investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAlcoa Saudi Arabia Competitors
Alcoa Saudi Arabia competitors include listed companies like Vault Minerals, Centerra Gold, Industrias CH and Torex Gold Resources, and private ones like Copper World and Lingbao Wason Copper Foil.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.4B | $711M | $4.4B | 2.7x | ||
| Publicly listed | $1.4B | $827M | $4.5B | 2.4x | ||
| Publicly listed | $1.9B | $154M | $4.3B | 1.7x | ||
| Publicly listed | $1.3B | $684M | $4.5B | 2.4x | ||
| Private | - | - | $3.9B | - | ||
| Private | $280M | - | $6B | 21.5x |
Alcoa Saudi Arabia Public Comps
Alcoa Saudi Arabia is still privately-owned, but its public comps include Vault Minerals, Centerra Gold, Industrias CH, Torex Gold Resources, Mitsubishi Materials, Kumba Iron Ore, Aya Gold & Silver, Viohalco, ESAB and Core Natural Resources.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.4B | $711M | 2.8x | 2.7x | 5.5x | 5.3x | |||
| $1.4B | $827M | 2.9x | 2.4x | 4.9x | 6.9x | |||
| $1.9B | $154M | 1.7x | 1.7x | 21.4x | 8.0x | |||
| $1.3B | $684M | 3.4x | 2.4x | 6.5x | 4.0x | |||
| $12B | $755M | 0.7x | 0.6x | 10.2x | 7.0x | |||
| $4.3B | $2B | 1.2x | 1.3x | 2.5x | 3.3x | |||
| $202M | $99M | 20.2x | 11.0x | 41.2x | 16.9x | |||
| $8.3B | $804M | 0.8x | 0.8x | 7.9x | 7.5x | |||
This data is available for Pro users. Sign up to see all Alcoa Saudi Arabia competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Alcoa Saudi Arabia
| When was Alcoa Saudi Arabia founded? | Alcoa Saudi Arabia was founded in 2009. |
| Where is Alcoa Saudi Arabia headquartered? | Alcoa Saudi Arabia is headquartered in Jeddah, Saudi Arabia. |
| Is Alcoa Saudi Arabia publicly listed? | No, Alcoa Saudi Arabia is a private, VC-backed company. |
| What is Alcoa Saudi Arabia's valuation? | Alcoa Saudi Arabia was last valued at $4.4B in its secondary sale in September 2024. |
| Who are Alcoa Saudi Arabia's investors? | Alcoa Saudi Arabia's investors include Maaden. |
| Which companies are comparable to Alcoa Saudi Arabia? | Companies comparable to Alcoa Saudi Arabia include Vault Minerals, Centerra Gold, Industrias CH, Torex Gold Resources, Copper World and Lingbao Wason Copper Foil. |
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