Ma’aden Wa’ad Al-Shamal Phosphate Company (MWSPC) was incorporated on 27 January 2014 in the Kingdom of Saudi Arabia, which is also its principal place of business and is owned:
- 85% by Saudi Arabian Mining Company (“Ma’aden”);
- 15% by Saudi Basic Industries Corporation (“SABIC”).
In April 2024, Mosaic entered into an agreement with Saudi Arabian Mining Company (“Ma’aden”) to exchange 25% ownership of the Ma'aden Wa’ad al Shamal Phosphate Company for 111,012,433 shares of Ma’aden. The transaction closed on December 24, 2024, at a value of approximately $1.5 billion, resulting in a pre-tax gain of approximately $0.5 billion.

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