If you'd like to get contact with us, please send an email to info@maaden.com.sa or you can contact one of our offices below:

SAUDI ARABIAN MINING COMPANY

Head Office - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8000
Fax: +966 (0) 11 874 8300
info@maaden.com.sa
Procurement - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8096
Fax: +966 (0) 11 874 84444
srm@maaden.com.sa
Public & Media Affairs - Riyadh
P.O. Box 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8409
Fax: +966 (0) 11 874 8057
media@maaden.com.sa
Jeddah
P.O. Box 13784 Jeddah 21414
Kingdom of Saudi Arabia
Tel: +966 (0) 12 229 2600
Fax: +966 (0) 12 229 2651
Al Khobar
P.O. Box 32001 Al Khobar 31952
Kingdom of Saudi Arabia
Tel: +966 (0) 13 811 1970
Fax: +966 (0) 13 811 1964
Jubail
P.O. BOX 11110 Jubail 31961
Kingdom of Saudi Arabia
Tel: +966 (0) 13 347 3333
Fax: +966 (0) 13 347 5682
Investor Relation - Riyadh
P.O BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8123
Fax: +966 (0) 11 874 8132
invest@maaden.com.sa

STRATEGIC BUSINESS UNITS - SBU

Aluminium - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Fax: +966 (0) 11 874 8187
aluminiumsales@maaden.com.sa
Phosphate - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8329
mktg-online@maaden.com.sa
Gold - Jeddah
P.O BOX 13784 Riyadh 21414
Kingdom of Saudi Arabia
Tel: +966 (0) 12 229 2600
Fax: +966 (0) 12 229 2651
About Image

SAUDI ARABIAN MINING COMPANY ANNOUNCES THAT ITS SUBSIDIARY (MAADEN WAAD AL SHAMAL PHOSPHATE COMPANY) HAS OBTAINED THE APPROVAL OF THE SAUDI INDUSTRIAL DEVELOPMENT FUND TO FUND ITS PLANTS

Jan 07, 2016

Further to the company announcement on Tadawul on 22/02/1435H (corresponding to 25/12/2013), Saudi Arabian Mining Company (Maaden) announces that its subsidiary Maaden Waad Al Shamal Phosphate Company (MWSPC) has obtained yesterday, Wednesday 26/03/1437h (corresponding to 06/01/2016G) the approval of the Saudi Industrial Development Fund (SIDF) for four long-term loans for the total amount of SAR 4.0 billion, as follows:

1- Loan facility of SAR 900 million to finance construction of MWSPCs ammonia plant in Ras Al-Khair (RAK) and which will be repaid in 14 semi-annual installments starting on 15/4/1440H for a period of seven years.

2-Loan facility of SAR 900 million to finance construction of MWSPCs diammonium phosphate plant in Ras Al-Khair (RAK) and which will be repaid in 14 semi-annual installments starting on 15/4/1440H for a period of seven years.

3-Loan facility of SAR 1,000 million to finance the construction of MWSPCs sulphuric acid plant and the power plant in the city of Waad Al Shamal and which will be repaid in 16 semi-annual installments starting on 15/4/1440H for a period of eight years.

4-Loan facility of SAR 1,200 million to finance the construction of MWSPCs phosphoric acid plant and phosphate concentrate plant in the city of Waad Al Shamal and which will be repaid in 16 semi-annual installments starting on 15/4/1440H for a period of eight years.

MWSPC will provide a mortgage in favor of SIDF to secure the loans. In addition, the Shareholders of MWSPC (Maaden, SABIC and The Mosaic Company) will provide guarantees in favour of SIDF in proportion to their shareholding in MWSPC.

The provision of these four loans is subject to finalizing binding loan agreements. The loans will complete the debt financing of MWSPCs phosphate project located in Waad Al Shamal and Ras Al-Khair following the loans provided by financial institutions and the Public Investment Fund in 2014.

Further substantial developments will be announced in due course, if any.

Saudi Arabian Mining Company (Maaden), The Mosaic Company and Saudi Basic Industries Corporation (SABIC) own 60%, 25% and 15% respectively of the joint venture developing the Waad Al Shamal Phosphate project respectively.

For further information please contact:

Mr. Bander M. Al-Aida
Section Head, Media Relations

E: media@maaden.com.sa

MEDIA CONTACTS

Mr. Bander M. Al-Aida

Section Head, Media Relations

media@maaden.com.sa

Annual Report 2014

Annual Report
Last Footer Border