Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, said on Wednesday its subsidiary will shut down its ammonia plant from January 23 for about 30 days for scheduled maintenance.

The closure of the facility in Ras Al Khair belonging to Ma'aden Phosphate Company would have no impact on the company's ability to meet its obligations to its customers and have no significant financial impact, it said in a statement.

The company this week posted a fourth-quarter net profit of SR376 million  ($100 million) as sales of most of its products grew, but its earnings fell short of analysts' forecasts. - Reuters