---
title: "BUZZ-Alcoa's ASX-listed stock jumps on $1.1 bln stake sale in Saudi Arabia JV"
description: "Australia-listed Alcoa Corp (AAI.AX) rises as much as 6% to A$48.960, its biggest intraday pct jump since Aug. 9Aluminium maker announces sale of its full ownership interest of 25.1% in the Ma’aden jo"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/214393960.md"
published_at: "2024-09-16T03:15:27.000Z"
---

# BUZZ-Alcoa's ASX-listed stock jumps on $1.1 bln stake sale in Saudi Arabia JV

> Australia-listed Alcoa Corp (AAI.AX) rises as much as 6% to A$48.960, its biggest intraday pct jump since Aug. 9Aluminium maker announces sale of its full ownership interest of 25.1% in the Ma’aden joint venture to the Saudi Arabian mining co Ma’aden (1211.SE) for about $1.1 blnStake sale comprises Ma’aden’s 86 mln shares valued at $950 mln and $150 mln in cashMa’aden to own the entire JV after saleAAI top gainer in the ASX 200 benchmark index (.AXJO) , which is trading up 0.4%

Australia-listed Alcoa Corp (AAI.AX) rises as much as 6% to A$48.960, its biggest intraday pct jump since Aug. 9

Aluminium maker announces sale of its full ownership interest of 25.1% in the Ma’aden joint venture to the Saudi Arabian mining co Ma’aden (1211.SE) for about $1.1 bln

Stake sale comprises Ma’aden’s 86 mln shares valued at $950 mln and $150 mln in cash

Ma’aden to own the entire JV after sale

AAI top gainer in the ASX 200 benchmark index (.AXJO) , which is trading up 0.4%

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- [AA.US - Alcoa](https://longbridge.com/en/quote/AA.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.