Mosaic closes the deal with Wa’ad Al Shamal Phosphate Company securing a $1.5B worth of Ma’aden shares

The Mosaic Company (NYSE: MOS) has successfully concluded a transaction with the Saudi Arabian Mining Company (Ma’aden). Announced on January 2, 2025, this deal involved Mosaic divesting its 25% stake in the Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC) and simultaneously acquiring a substantial equity position in Ma’aden.

The transaction, which officially closed on December 24, 2024, saw Mosaic receiving 111,012,433 shares in Ma’aden, valued at approximately $1.5 billion. This strategic move marks a significant milestone in Mosaic’s investment strategy and secures its continued involvement in the growing Middle Eastern market. The company is poised to record a pre-tax gain of around $0.5 billion for the fourth quarter of 2024, reflecting the share price at the time of closing.