The JV would focus on copper and other minerals critical to energy transition and is expected to be owned 51% by Maaden and 49% by aramco. It would focus on exploration across Zone-4 (also known as the Transition Zone) within the Arabian Platform, spanning approximately 182,000 square kilometers (nearly 10% of the Kingdom’s total land area) and representing a major new opportunity for mineral discovery in the Kingdom.

Congratulations to our client and aramco on reaching this important milestone.

The AS&H Clifford Chance team advising Maaden is led by Partners Mansoor Alhagbani and Omar Rashid, Senior Associate Muhammad Ansab and Associates Hamza Anwar, Intesar Alkhayyal and Faisal Bin Alamir. Senior Associate Asfand Ali Gulzar is advising on the antitrust aspects of the transaction.

This strategic step proudly continues our firm's track record of advising on major joint ventures and mining transactions in the Kingdom and supporting the Kingdom and Maaden as the national mining champion in implementing Vision 2030.

Our firm continues to be recognised at the forefront of the Saudi legal market, with our corporate and other multidisciplinary practices being ranked as Band 1 across all major legal directories, such as Chambers, Legal 500 and IFLR1000.