Arab Mining Company and Arab Potash Company discussed opportunities for cooperation and plans to enhance their investments in the fields of fertilizers and mining in the Hashemite Kingdom of Jordan, in addition to discussing future partnership plans between the two companies. This came during a visit by a delegation from Arab Mining Company headed by the Chairman of the Board of Directors, His Excellency Eng. Mohamed Ahmed bin Abdel Aziz Al Shehhi, and the General Manager of the company, Mr. Hassan Yassin Al Takrouri, to the Arab Potash Company. The delegation was received by the Chairman of the Board of Directors, HE Eng. Shehadeh Abu Hdaib, the CEO of the company, Dr. Maen Al-Nsour, and several members of the executive management from both sides.
At the beginning of the meeting, Eng. Abu Hdaib welcomed the guest delegation, pointing to the efforts of the two companies to achieve the common interest and develop the investment relations between them, especially that Arab Mining Company owns 20% of the capital of Arab Potash Company.
The Chairman of the Board of Directors of Arab Mining Company, His Excellency Eng. Mohammed Ahmed Al Shehhi, confirmed that this meeting is part of a series of meetings held by Arab Mining Company with its partners and relevant authorities in the mining sector, pointing to the company's endeavors to strengthen the bonds of work and cooperation with Arab Potash Company.
Eng. Abu Hdaib touched on the strategic plans adopted by Arab Potash to increase its level of competitiveness and progress and achieve its set goals and the goals of its shareholders and investors, pointing out that the strategic importance of the company's fertilizer products and related to international food security, has placed more responsibilities on it from to ensure that the people of the world always have a safe and stable food supply.
For his part, the CEO of Arab Potash Company, Dr. Maen Al-Nsour, spoke about the development of the company's performance over the past years, and the most prominent major and capital projects to ensure the sustainability of its production business, referring to the expansion projects in the production of potash of various types and colors, and the projects for the fertilizer industries with high added value. In addition to projects related to maintaining production according to the highest levels in factories, in addition to projects related to reducing operational production costs.
Eng. Muhammad Al Shehhi reiterated that the company’s contribution to Arab Mining Company in the capital of “Arab Potash” is a sign of confidence in the safe and attractive Jordanian investment environment, explaining that this investment has contributed to creating long-term value for the shareholders of Arab Mining Company, expressing his hope to build on cooperation and work relations and joint venture through establishing new viable projects that benefit the two companies and their shareholders.
At the end of the meeting, His Excellency Eng. Mohammed Al Shehhi thanked His Excellency Eng. Abu Hdaib and the executive management team for this constructive meeting and stressed the keenness of Arab Mining Company to maintain continuous communication with Arab Potash Company for the benefit of the two companies.
