Saudi Arabian Mining Company (Ma’aden), the largest multi-commodity mining and metals company in the Middle East – and based on market capitalisation, one of the top five mining companies globally – has been granted a captive license by Dubai International Financial Centre (DIFC). Captive insurance is a risk financing mechanism in which a company is able to insure itself against potential losses. In a captive insurance arrangement, the insured brings its risk in-house by creating a licensed company that provides insurance to its parent organisation. With 17 mines and sites and 6,000 employees, Ma’aden is said to be among the world’s fastest-growing mining companies, and noted that it is comm
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