Commodity ‘Supercycle’ a Cue for Saudi State Miner to Cut Debt
- Maaden’s new CEO wants to halve debt ratio in five years
- Al Harbi says company can be ‘one of the biggest winners’
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Saudi Arabia’s state miner will use a windfall from the recent boom in commodity prices to pay off debt, as it seeks to strengthen its balance sheet before embarking on international acquisitions.