Alcoa Corporation announced on July 1, 2025, the successful closing of the sale of its full 25.1% ownership interest in the Ma'aden Joint Venture to Saudi Arabian Mining Company (Ma'aden). This divestiture marks a significant step in Alcoa's strategy to optimize and simplify its portfolio.
As part of the transaction, Alcoa received proceeds totaling approximately $1.35 billion, consisting of about 86 million shares of Ma'aden, valued at approximately $1.2 billion, and $150 million in cash. The cash portion is primarily designated for related taxes and transaction costs.
Alcoa expects to record a gain of approximately $780 million in other income during the third quarter of 2025, reflecting the value realized from this non-core asset sale. The company will hold the Ma'aden shares for a minimum of three years, with one-third becoming salable after the third, fourth, and fifth anniversaries of the closing date.
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